Performance-measurement
From Projects
The Performance Measurement dimension is defined as 2 areas:
1. The metrics used to measure our forecasting effectiveness:
- Impact on Profitability
- Customer Service Quality
- Competitive Strategy
2. How our forecast performance information is gathered and utilized:
- Degree to which incorrect forecasts are measured through "forecasting error", versus the inability of other business functions to deliver volume when expected
- Ability to utilize that data to plug into future forecast models (capturing both Judgmental and Planned Events and blending into Time-Series data)