Senior Demand Planner Interview Questions and Answers

Addressing a non-contributing colleague requires communication, understanding, and collaborative problem-solving.

• Initiate a one-on-one conversation to understand their perspective and any challenges they may be facing.

• Set clear expectations and responsibilities for the project to ensure accountability.

• Offer support and resources, such as training or mentorship, to help them improve their performance.

• Encourage open communication and regular check-ins to monitor progress and pr...read more

Accuracy is more important than bias in demand planning as it ensures the forecast is as close to the actual demand as possible.

• Accuracy ensures that the forecast is as close to the actual demand as possible, leading to better inventory management and customer satisfaction.

• Bias can lead to consistently overestimating or underestimating demand, resulting in excess inventory or stockouts.

• In demand planning, the focus should be on improving accuracy through data analysis, foreca...read more

I would analyze the impact of the mistake on the overall forecast accuracy and take corrective actions to adjust the forecast accordingly.

• Analyze the impact of the mistake on the forecast accuracy

• Identify the root cause of the mistake (e.g. data entry error, system glitch)

• Adjust the forecast by correcting the error and reevaluating the demand drivers

• Communicate the revised forecast to stakeholders to ensure alignment

Forecast accuracy measures how close the forecast is to actual results, while bias measures the tendency of the forecast to consistently over or under predict.

• Forecast accuracy is the measure of how close the forecasted values are to the actual values.

• Bias is the tendency of the forecast to consistently over or under predict the actual values.

• Forecast accuracy is typically measured using metrics like Mean Absolute Percentage Error (MAPE) or Mean Absolute Error (MAE).

• Bias can ...read more