Sales ForecastingS2K Sales Forecasting is designed to help you assess the likely demand levels so that you can properly manage your inventory and have adequate resources in place.
S2K Forecasting uses advanced algorithms such as expediential smoothing, linear regression, holt-winters, and others that measure data points in a series. For each item, each method is analyzed, and the system will automatically recommend the best forecasting algorithm with the highest accuracy. You can then review the system generated forecast and manually adjust future predictions based on outside forces and sales opportunities. The final adjusted forecast for each item is utilized in S2K Manufacturing for MRP, and S2K Supply & Demand Planning for enhanced suggested purchasing. VAI's performance monitoring tools provide instant analysis on the effectiveness of forecasts against actual sales.
Demand ModelingUsing Demand Modeling, users can create a demand profiles that reflect a sales pattern and assign that profile to an individual item.
The user can then enter in overall expected sales and the system will automatically create an adaptive demand distribution that best fits the demand profile. Demand profiling can be an effective tool for items that do not have historical data or when future usage patterns are not expected to be similar to those in the past.
Suggested PurchasingAutomated purchasing systems are a key tool in helping businesses reduce inventory and increase sales.
They are imperative in helping maintain customer service levels and retaining your customers. Companies that utilize automated forecasting and purchasing tools will also have a strategic advantage in lower costs and increased profits.