What is collaborative forecasting?

[niyati]

Can someone explain collaborative forecasting

 

[riya]

Collaborative forecasting is a demand‐planning approach where internal teams (e.g., sales, marketing, operations) and external partners (suppliers, customers) jointly share data and insights to produce a single, more accurate projection of future demand.

 

[robertwilliam]

Collaborative forecasting is a demand planning method that brings together multiple business functions or partners (like suppliers, retailers, and even customers) to create a shared forecast. This approach combines historical data with expert insights from various stakeholders to produce a more accurate and actionable demand plan. By breaking down information silos, it ensures everyone is aligned on future demand, leading to better coordination and improved decision-making.

 

[maria]

Collaborative forecasting is a process where multiple stakeholders in a supply chain, or even within a single company, share information and work together to create a unified forecast of future demand. This approach aims to improve forecast accuracy, enhance coordination, and optimize resource allocation by leveraging collective knowledge and insights.

 

[niyati]

Collaborative forecasting is a business process that involves different stakeholders- sales, finance, operations, suppliers and customers collaborating to form more precise demand and supply forecasts. It brings together information, knowledge and views of various functions to enhance planning, minimize uncertainty, goal alignment, and decentralize resources within the organization in a better way.

 

[Rick_Grimes]

Collaborative forecasting is when different teams (like sales, marketing, and supply chain) work together to predict future demand or revenue. It combines data and insights from multiple sources to make forecasts more accurate.

 

[jainnorton]

Collaborative forecasting is a process where multiple stakeholders, such as sales, marketing, finance, and supply chain teams, work together to predict future demand. It improves forecast accuracy by combining diverse insights, aligning business goals, and enhancing decision-making across departments.

 

[Olivia]

Collaborative forecasting is when a company works with others — like suppliers, retailers, or partners — to predict future demand together.
Instead of guessing alone, everyone shares info (like sales data, market trends, or inventory levels) to create more accurate forecasts.
It helps reduce overstock, avoid shortages, and keeps everyone on the same page.