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