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Mean Absolute Percentage Error (MAPE) Has Served Its Duty and Should Now Retire

BlueYonder

According to Gartner (2018 Gartner S ales & O perations P lanning Success Survey ), the most popular evaluation metric for forecasts in Sales and Operations Planning is Mean Absolute Percentage Error (MAPE). Modern forecasts concern small quantities on a disaggregated level such as product-location-day. This needs to change.

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Updated IT Subway Map: Major acquisitions in SC software

Supply Chain Movement

The supply chain software industry is in a considerable state of flux. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems. The GT Nexus trans-company platform makes it easy for connected companies to share their planning within the chain.

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Mindmap for Global Logistics Integration

Supply Chain Movement

Supply Chain Movement and software vendor Eyefreight have therefore developed this mindmap for Global Logistics Integration, outlining the route to achievement and providing road signs to flag potential hazards along the way. >>Please Poor forecasting leads to rush orders to meet the delivery requirement demands of customers.

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SCM Map Europe: European location decisions remain complex

Supply Chain Movement

The map indicates the actual and forecast growth of the gross domestic product (GDP) of fast-growing countries. The LPI is an interactive benchmarking tool which has been developed to help countries to identify the challenges which are standing in the way of improvements to logistics and trade flows. Taiwan, Province of China.

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