Statistical Forecast scan and preparation at NXP Semiconductors
To bring the demand planning process to the next level leading semiconductors company NXP wants to know how to benefit from statistical forecasting. Via a thorough data analysis and forecast simulation EyeOn answered a.o. the following questions:
- What is the demand variability per product (group)?
- What accuracy can be expected from statistical forecasting per segment (ABC – XYZ) per Business Line?
- What are optimal statistical models for various businesses?
- How to organize the demand planning process as efficient and accurate as possible by applying ‘who knows best’ principle.