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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). The US GPD is much larger than Tuvalu’s, but one would consciously, and for good reasons, decide to treat them equally.

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KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Supply Chain KPIs are Essential – The Right Ones! Many people get really confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Supply Chain KPI Tips. All you need to know about Supply Chain KPIs. Supply Chain KPI. Which ones to use?…

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