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Supply Chain Planning and Forecasting
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Application Summary
The key to inventory planning is an accurate demand forecast. eCity’s forecasting module captures “true demand” and prepares a forecast. Review your forecast, make adjustments and send to the planner for an optimal schedule of planned supply orders.
“True Demand” excludes non-recurring demand and reflects the demanded product and date (not necessarily the item shipped or issued). Promotional demand is kept separate allowing you to asses the effect of a promotion and adjusts the forecast.
The forecast is prepared by applying a number of easily understand models to the demand and using the model that best fits recent demand. The result is a forecast your inventory planner can understand without requiring the knowledge of complex statistical formulas.
High level features of the Supply Chain planning and Forecasting include:
- Weekly or monthly forecasts
- Separate forecasts for key customers
- Capture “true” demand
- Track promotional demand
- Drill back to order lines
- Flag “extraordinary” demand
- Easily understood “focus forecasting” technique
- Automatic model selection (best fit)
- Manual model selection
- Override system forecast
- Forecast review and approval process
- Forecast consumption logic
More Detail:
»Application Features: Supply Chain Planning & Forecasting
Less Detail:
»Solution Summary: Inventory & Supply Chain Management
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