Forecasting provides extended capabilities in forecast generation that allow you to:

• Improve the accuracy of your forecasts
• Save time and money
• Improve planning
• Cut inventory costs
• Decrease stockouts

Forecasting provides you with the ability to generate the forecasts based on your usage data and many different forecasting models. This data is then used by the planning modules to generate your demand requirements based on this forecast. Complete analysis of forecast to actual is available in the planning functions.

Advanced Forecasting is easy to learn and easy to use. It does not require a background in statistics or forecasting. In fact, creating accurate forecasts is literally as easy as clicking a mouse. You provide the historic data, and the built-in expert system analyzes your data, selects the appropriate forecasting technique, and calculates the forecast.

Alternatively, if you want to dictate the forecasting approach, Forecasting provides a complete range of forecasting models and all of the diagnostic aids you need. Generating reports, viewing graphs, adding your judgment, saving to spreadsheets/text files/databases, collaborating with others, interfacing with your SCM, ERP or other planning system is all at your fingertips.

Forecasting supports multiple forecasting methodologies:

• Exponential smoothing
• Box-Jenkins
• Low volume and intermittent demand models
• Curve fitting
• Simple methods
• Dynamic regression
• Event models
• Multiple level models
• Census X-11 seasonal decomposition
• Batch forecasting