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July 30, 2019
When it comes to aggregation you could traditionally choose top-down or bottom-up. That is not necessarily the case anymore.
The Institute of Business Forecasting & Planning said, “Middle-out forecasting is another option, starting somewhere in the middle of a hierarchy; for example, from a specific product line or category. Others prefer a hybrid approach, forecasting some items at lower levels and others aggregated. It is clear that often, forecasts can and should be done and multiple levels of aggregation.”
No matter which method you use, it’s important to use this tool to make your forecasting more accurate. Which method would work best for you?
About the Author
Plex Team
Plex, by Rockwell Automation, is the leader in cloud-delivered smart manufacturing solutions, empowering the world’s manufacturers to make awesome products. Our platform gives manufacturers the ability to connect, automate, track and analyze every aspect of their business to drive transformation. The Plex Smart Manufacturing Platform includes solutions for manufacturing execution (MES), ERP, quality, supply chain planning and management, Industrial IoT and analytics to connect people, systems, machines, and supply chains, enabling them to lead with precision, efficiency and agility.
