SCM Focus on Pivot Forecasting in Demand Works

SCM Focus describes how a new technology to aggregate forecasting called Pivot Forecasting by a company called Demand Works is important for anyone wanting to obtain higher accuracy forecasts based upon aggregation. Transcript There is a new way to forecast that we have come across, that anyone that wants to produce higher accuracy forecasts based upon aggregation should understand. Up until very recently, the majority of demand planning software worked the same way in terms of aggregation. During this time, it was necessary to select a rigid hierarchy, and then to perform forecasting based upon that hierarchy. Since most companies have reporting requirements based upon their org structure, most often this hierarchy was some derivation of their org structure. However, very rarely is aggregating by the org structure the best way to aggregate the forecast. Secondly, setting up the hierarchies takes a great deal of implementation time.y.