Maximize Accuracy - Why Timing Matters in Forecasting

The age-old question: when's the optimal time to finalise your #WorkforceManagement forecasts? The answer might be simpler than we make it; as late as practically possible.

Here's why timing matters in WFM forecasting:

• Using the freshest data possible (like Monday-Wednesday information for Thursday operations) dramatically improves forecast accuracy

• Delaying forecast finalisation until the last responsible moment gives you more recent patterns to work with

• Many organisations create forecasts too far in advance, then never revisit them before execution

Beyond the obvious, I'd add:

• The value of a forecast diminishes exponentially with age... a forecast sitting unused for a week might as well not exist

• Creating feedback loops between real-time monitoring and forecast adjustment is where true optimisation happens

I've seen countless organisations where forecasts are created weeks in advance, then gather digital dust until it's too late. Remember, "the best forecast is still a guess, but an educated guess beats shooting in the dark."

What's your approach to forecast timing? Do you prefer to lock things down early, or push the deadline to incorporate the freshest data possible?