Shared forecast is a collaborative effort wherein individuals or teams work together to create a future prediction or projection. This can be done using various tools and techniques such, data analysis, and trend analysis.
This approach involves the transparent sharing of information between stakeholders, such as sales histories, planned promotions, market trends, and so on. The shared forecast aims to improve forecast accuracy by leveraging the complementary expertise and perspectives of suppliers and retailers.
By sharing information and perspectives, a shared forecast can help identify potential risks, opportunities, and challenges, and enable better decision-making.
It also promotes a sense of ownership and collaboration among participants, as they are collectively responsible for the accuracy and success of the forecast.
