Forecasted Solutions

Forecasted Solutions is a sales forecasting and demand planning tool designed to assist companies of all sizes. This solution caters to a range of professions and industries, including agriculture, apparel clothing, computer and electronics, CPG, and distribution. According to the vendor, Forecasted Solutions enables businesses to make informed decisions, streamline processes, and optimize inventory and production based on accurate sales forecasts.

Key Features

Dashboards, Alerts & Follow-up’s: The product offers interactive KPI charts on the home page, providing a comprehensive overview of company performance. It also includes alerts for over-sales and under-sales, allowing users to take proactive measures. According to the vendor, users can drill-down into the data for more detailed insights.

Stacking & Drill-down: Users can gain deeper insights into sales forecasts by stacking and drilling down on charts and data. This feature provides a more detailed view of sales projections, assisting users in making informed decisions.

Remarkable Accuracy: Forecasted Solutions incorporates a state-of-the-art forecasting engine and proprietary forecasting method, which the vendor claims ensures remarkable accuracy. The use of composite forecasting methods aims to achieve the lowest forecast error. Users can view historical data and technical details, perform "what if" scenarios, and save them for future reference.

Automatic model selection: The product automatically selects the best forecasting model based on historical data, saving time and effort for users. Each individual SKU is auto-trained for the most accurate forecast. Users can utilize the advanced Forecast Engine workbench to view training history.

Interactive Margin Analysis: Users can analyze margins for different products and identify those with high or low margins. This feature allows for data-driven decisions based on margin analysis, optimizing profitability.

Planned Orders: Forecasted Solutions generates planned orders based on sales forecasts, streamlining purchasing and manufacturing processes. This feature helps ensure optimal inventory levels and avoid stockouts or excess inventory.

Point-of-Sale Integration: The product integrates with point-of-sale data, incorporating real-time sales data into forecasts. This integration aims to improve accuracy and responsiveness to market trends.

New Product Introduction: Forecasted Solutions enables users to forecast demand for new products and effectively plan production and inventory for new product launches. According to the vendor, this feature helps avoid overstocking or understocking, ensuring a smooth introduction of new products into the market.

Mobile Access: Users can access Forecasted Solutions on mobile devices, allowing them to view and analyze sales forecasts on the go. According to the vendor, this feature provides flexibility and the ability to make informed decisions anywhere.

Promotions: The product incorporates promotional activities into sales forecasts, helping users plan inventory and production based on promotions. This feature aims to maximize the impact of promotions and optimize resource allocation.