The Production Capacity Assessment Tool described in this document offers the advantage of standardising all of the business parameters that are necessary to calculate production capacity.
This document presents a standardized method for measuring forecast accuracy and also some methods to detect unusual forecasts. It provides OEMs and suppliers alike with a tool to measure the quality and stability of demand schedules in the automotive industry supply chain.
This Odette Best Practice recommendation defines a methodology for measuring the forecast accuracy of customer schedules. The Guidelines list the data to be collected and the mathematical approach to calculating the Forecast Accuracy Index (FAI) and an associated Weighted Tracking Signal (WTS).