Introduction to demand forecast

Demand forecast is used for analyzing the sales volume of items from defined warehouses in a specified time interval. On its basis it is possible to forecast the future sales volume and generate documents allowing for replenishing a warehouse with an appropriate quantity of items within an appropriate time.

A list of demand forecast documents is available in menu Warehouse (Resources) Demand Forecasts

The demand forecasting process can be executed in several stages:

  • defining warehouses on the basis of which the historical stock levels will be calculated
  • defining warehouses for which the quantity forecasts will be calculated
  • defining the periods for which the forecasting will be performed
  • determining the method for calculation of item forecasts:
  • defining the period as the basis for calculation
  • determining the percentage quantity change in relation to the quantity calculated on the basis of the selected period
  • calculating the forecast quantity on the basis of the selected criteria for items
  • defining the method of distributing the forecast quantity into warehouses
  • distribution of the forecast quantity into individual warehouses
Scheme of creating demand forecast

 

 

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