Name: Supply Chain Forecasting and Planning
Uploaded: 2022-06-21T15:11:27.000Z
Duration: 3 min 37 s
Description: Supply Chain Forecasting and Planning

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Avercast Forecasting Software is a solution designed to help businesses effectively balance supply and demand. According to the vendor, the software provides accurate sales forecasts, inventory planning capabilities, and demand forecasting features. It is said to be suitable for companies of all sizes, from small businesses to large enterprises. Supply Chain Managers, Inventory Managers, Demand Planners, Operations Managers, and Sales Managers in industries such as Retail, Manufacturing, Automotive, Food & Beverage, and Wholesale Distribution are said to benefit from the functionalities offered by Avercast Forecasting Software.

**Key Features**

**Demand Planning**: According to the vendor, Avercast Forecasting Software allows businesses to see future consumer demand and optimize their supply chain operations accordingly. It aims to provide certainty in supply chain operations for improved efficiency and informed decision-making about inventory management.

**Forecasting Software**: The vendor claims that Avercast Forecasting Software provides insights into future market conditions, enabling effective adjustment of inventory operations to meet upcoming demand. It aims to offer accuracy in forecasting through historical data analysis and the application of effective algorithms.

**Demand Forecasting**: According to the vendor, Avercast Forecasting Software benefits every department within a company through ERP integration. It is claimed to create an accurate business forecast of the future, organize valuable inventory space, and provide benefits such as improved inventory forecasting and accurate business planning.

**Inventory Planning**: Avercast Forecasting Software is said to improve inventory forecasting for companies of any size, aiming to increase inventory accuracy up to 99%. It aims to help in effective inventory management and optimization.

**Sales & Operations Planning**: According to the vendor, Avercast Forecasting Software aims to maximize profit from the inventory planning process and minimize the risk of overstock on slow products. It is claimed to unite sales and operations teams for maximum inventory optimization.

**Capacity Planning**: The vendor states that Avercast Forecasting Software helps in knowing when to outsource production and establishes the required overtime for meeting production goals. It aims to assist in managing production capacity effectively.

**Supplier Connections**: According to the vendor, Avercast Forecasting Software aims to help in managing and maintaining strong relationships with suppliers. It is claimed to track sales channels and supplier relations, enabling effective supplier management and collaboration.

**Sales Forecasting**: Avercast Forecasting Software is said to provide accurate sales forecasts, helping businesses understand every detail of sales and offering sales forecasting tools for better decision-making.

**Inventory Forecasting Software**: According to the vendor, Avercast Forecasting Software generates forecasts for up to 5 years in the future and provides access to 250+ forecasting algorithms for accuracy. It offers customizable reporting tools for prioritization and optimization, forecast customization for any custom category, and allows adjustments to sales history and forecast for enhanced accuracy. It is also claimed to improve team collaboration and integrate with ERP and business intelligence tools.

**Inventory Planning Software**: The vendor claims that Avercast Forecasting Software develops a comprehensive time-phased inventory plan and simultaneously plans in any combination of time periods. It aims to provide detailed access to open sales orders, replenishment orders, and consolidated data, perform what-if analysis on planning or production strategies, support bill of material explosions and dynamic safety stock recalculation, and offer user permission control and S&OP software alerts.

Users of Avercast have reported that the software effectively addresses key business challenges and helps optimize operations. With its robust planning and forecasting capabilities, Avercast empowers users to make data-driven decisions, resulting in improved workflows and enhanced supply chain management. By leveraging customized reports and integrated ERP systems, users can efficiently manage forecasting and planning for thousands of products within minutes.

One of the primary use cases of Avercast revolves around inventory management. Users have found that the tool simplifies stock management by providing real-time alerts when inventory levels are running low or exceeding estimates. This feature has been instrumental in reducing inventory levels while maintaining service levels, effectively minimizing costs and ensuring customer satisfaction.

In addition to inventory management, Avercast's forecasting capabilities have proven valuable in demand planning and sales forecasting. Users have reported that the software provides valuable insights into future trends and market dynamics, enabling them to accurately forecast demand and plan accordingly. This not only helps optimize production schedules but also ensures that resources are utilized efficiently.

Furthermore, users have highlighted the ease with which Avercast performs calculations and measurement conversions. This streamlines various tasks related to forecasting and planning, saving time and effort. Moreover, Avercast's integration with ERP systems enhances its effectiveness by enabling seamless data transfer and ensuring accurate information.

Overall, the service-oriented approach of Avercast coupled with its value-added features sets it apart as a comprehensive business solution. Users appreciate the software's ability to streamline operations, improve inventory management, and optimize supply chain planning, making it a valuable tool for businesses looking to enhance their forecasting capabilities.

User-Friendly Interface: Several reviewers have praised Avercast for its user-friendly interface, noting that it is easy to use and navigate. Users appreciate the intuitive design of the dashboard, which allows them to quickly understand and perform tasks efficiently.

Effective Forecasting Capabilities: Many users have highlighted Avercast's strong forecasting capabilities. The software's ability to accurately predict sales is seen as crucial for effective inventory planning and business forecasting. This feature helps businesses make informed decisions and optimize their operations.

Helpful Customer Support: Avercast's customer support team has received positive feedback from multiple reviewers. Users appreciate the polite and helpful nature of the support staff who are readily available to assist in any situation or when facing problems with the product. This responsive support adds value to the overall user experience.

Tricky User Interface: Some users have found the user interface of Avercast to be quite tricky and have mentioned that it requires trained personnel to work on the software. This indicates that there is a perception among users that the interface is confusing and not intuitive, potentially impacting ease of use.

Poor Backward Compatibility: According to users, the backward compatibility of Avercast is poor. They have noted that when upgrading to a newer version, customizations done in previous versions need to be revisited and redone. This suggests an inconvenience for users who have invested time and effort in customizing the software.

Difficult Menu Navigation: Users have reported difficulties with navigating the menu in Avercast. It seems that some users find the menu structure or layout to be tricky or not easily understandable. This could impact user efficiency and overall usability of the software.

Avercast, a TransImpact company is a demand planning software company, specializing in business forecasting, inventory planning and web collaboration.

Microsoft's Dynamics 365 Supply Chain Management allows users to use predictive insights and intelligence from AI and Internet of Things (IoT) across planning, production, inventory, warehouse, and transportation management to maximize operational efficiency, product quality, and profitability. It replaces the SCM capabilities of the former Microsoft Dynamics 365 for Finance and Operations (Dynamics AX), splitting them off from Dynamics 365 Finance, in order to provide more flexible pricing and allowing customers to buy only what they need.

Microsoft Dynamics 365 Supply Chain Management

StockIQ is a supply chain planning suite developed for distributors and manufacturers by industry practitioners, with the goal of helping users to improve forecast accuracy, and reduce inventory levels, while providing unmatched service to customers.

StockIQ Technologies

Avercast

Demand Planning

Avercast a TransImpact Company

Demand & Supply Planning w/ Avercast

Avercast's demand forecasting software uses an industry leading 200+ algorithms to provide large companies like Kawasaki and Mitsubishi with an extremely accurate forecast used to create a supply plan.

Our software can help any company, from large multi-national corporations to small local businesses, avoid overstocks and stock-outs.

See how we can help your company: https://www.avercast.com/

Forecasting Methods Overview

Visit https://www.forecastingsoftware.com/ for our latest forecasting products!

This is an overview of some basic forecasting methods. These basic forecasting methods are broken into two categories of approaches: Quantitative and Qualitative. 

Quantitative forecasting approaches use historical data and correlative association to make forecasts. Qualitative forecasting approaches look at the opinions of experts, consumers, decision makers, and other stakeholders.

This video is about basic forecasting methods and covers 9 of the most common approaches. Avercast forecasting software makes good use of these approaches and is powered by over 200 algorithms.

Supply Chain Forecasting and Planning

Skip the spreadsheets and choose accurate Demand Planning with Avercast - A TransImpact Company. 

Our Demand Planning Software brings you the power of 208+ forecasting algorithms, so you can plan your demand accurately, and make smarter data-driven decisions. Forecast demand, plan inventory, and ensure availability, with our industry-leading software.

Visit us to see how our Demand Planning Software can help your business - https://www.avercast.com/

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