Sales Forecasting
Get a more accurate picture of total demand with ERP123 Sales Forecasting
ERP123 Sales Forecasting is fully integrated with the inventory and material planning system . Its purpose is to supplement actual order demand with forecast demand, creating a better picture of overall future demand. Forecasting is widely utilized in repetitive manufacturing operations, especially those tied to automotive supply chain. ERP123 also supports the EDI-830 transaction (Forecast & Releases) that most automotive customers use to communicate this data. Features of the ERP123 Sales Forecasting system include:
- Period-based or date range-based data entry
- Auto-generate daily or weekly buckets
- Forecast consume function subtracts actual sales from forecasts to help keep material plans stable
- Track forecast changes
- Inquiry modules report forecast vs actual sales
The Inventory Management Flowchart shows the data flow in a typically inventory management system with sales forecasting
