
Better decision-making and increased profits are must easier when
you are given the ability to forecast accurately. MaxQ's Demand Planning
module is designed specifically to assist you in your sales and
inventory planning efforts by creating accurate forecasts, using your
sales history from Microsoft Dynamics SL (or any other source), in
combination with its powerful statistical forecasting models.
In an effort to satisfy all mainstream business forecasting
requirements, our demand planning module can automatically select forecasting
models from the following five classes or include a user defined forecasting model:
Simple Methods
For very short or extremely volatile data, Forecast Pro includes moving average models
Curve Fitting Provides a quick and easy way to identify the
general form of the curve (i.e. straight line, quadratic, exponential and
s-curve)
Low Volume Models
Croston's Intermittent Demand model and
discrete data models are provided to accommodate low volume and "sparse"
data (i.e. where the demand is often zero)
Box-Jenkins
For stable data sets, Forecast Pro supports a
multiplicative seasonal Box-Jenkins model. The model can be built
for you automatically or interactively, using a full range of
screen-oriented diagnostics
Exponential Smoothing
Twelve different Holt-Winters Exponential Smoothing models are provided to accomodate a wide range of data
characteristics. Robust exponential smoothing models makes it ideal
when there are no leading indicators or when the data is too short or
volatile for Box-Jenkins. You can select the model and set the
parameters yourself or let Forecast Pro do it automatically
Features and Functionality
- Uses sales history and statistical techniques to predict future usage
- User defined planning groups on any level or combination of levels, such as product and customer class, or territory
- Allowance for manual entry of partial customers while allowing
past usage (excluding effects of manual entries) for the remaining to
drive statistical calculations. Results in a complete forecast that
includes both groups
- Forecast group entry uses both bottom up or top down methods of maintenance
- Extends exponential smoothing to make allowances for special
events like promotion, sales, shutdown, seasons or other occurrences
- Integrates with MaxQ Supply Chain Planning to automatically plan the inventory needs of the forecast
- Capacity to maintain an unlimited number of forecast versions