Forecast Value Added

Forecast Value Added (FVA) is S&OP and planners' primary tool to assess if their demand planning process is running smoothly and adding business value.
If you want to learn more about Forecast Value Added, you can,
- Watch my comprehensive video about forecast value added: • Forecast Value Added: ...
- Read my dedicated article: / forecast-value-added
- Read my book on the best practices for demand planning: www.amazon.com/Demand-Forecas...

[@motmot784]

Hello Nicolas, what do you think of training a ML model using as input in addition to past demand also the previous month ML forecast enriched by sales? For example, to predict December 2023 demand (M+2) I would use as input features summarizing historical demand + the forecast submitted last month so in september for december (which was M+3) possibly enriched by sales. So if sales enrich a forecast because they are aware of future trends, the following month this information will be captured by the model.

[@nicolasvandeput-SupChains]

This might add value but will require a lot of data maintenance. I am not sure about the tradeoff.