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Meaning of consensus-based forecasting. What is it: process, forecasts from departments with.

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Definition consensus-based forecasting

CONSENSUS-BASED FORECASTING title: consensus-based forecasting (SCM-APO-FCS) (SAP Library - Glossary)
CONSENSUS-BASED FORECASTING category: Demand Planning (SCM-APO-FCS)
CONSENSUS-BASED FORECASTING explained:

In the consensus-based sales and operations planning process, forecasts from departments with different business goals - such as marketing, sales, logistics, and finance - are reviewed and integrated into a "one number" consensus forecast that is then used to drive the business planning process.

Demand Planning's views and reports support participants in consensus meetings (for example, Sales ; Operations Planning - S;OP) by providing information that enables them to compare the forecasts for the purpose of identifying, discussing and closing gaps that affect their business decisions. The goal is to make changes that are agreed to by all parties. The result is a "one number" consensus forecast.

More terms such as consensus-based forecasting in Dictionary C.

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