Capabilities
Capabilities
Forecast Pro offers a comprehensive portfolio of tools for solving a wide range of forecasting challenges. Whether you are looking for just the basics or need advanced forecasting techniques and analytics, Forecast Pro has the right tools for you.
Automatic AI-driven Forecasting
Forecast Pro’s automatic “best pick” algorithm allows you to generate accurate forecasts, even for thousands of items, in a matter of seconds and will account for seasonal patterns, trends, business cycles, promotional activity and more. If you prefer to specify the forecasting approach, Forecast Pro provides menu-based custom modeling options and a comprehensive set of diagnostic tools. Visit the Forecasting Methodologies page for a complete list of statistical methods implemented in the software.
Customized Hierarchies & Multiple Units of Measure
You can forecast at any level of granularity and easily view/report aggregate data and forecasts. Forecast Pro also supports hierarchy pivoting and the ability to work with forecasts in units, dollars, and other units of measure simultaneously, allowing different parts of your team and/or organization to view the forecasts how they want to see them.
Easy Forecast Adjustment & Collaboration
Forecast Pro makes it easy to collaborate with others to establish the final forecast. A robust, Excel-like grid control allows easy adjustment by percentage, increments, or by simply entering new values. Adjustments to the forecast can be made at any level in the hierarchy, and all changes are automatically reconciled. Handy comment fields make it easy to document changes, and override reports provide total transparency. Stakeholders can collaborate seamlessly in the application itself or via Excel.
Sales and Operations Planning (S&OP)
In support of your organization’s S&OP process, you can import supplementary data into Forecast Pro ‒ such as other forecasts, current inventory, and open orders ‒ to build customized reports and graphs.
New Product Forecasting
Forecast Pro enables you to map history from existing and/or discontinued items into the new items you want to forecast. Product Mapping (aka Item Supersession) is useful in a wide variety of situations including forecasting replacement products, introducing product-line extensions, transitioning to new warehouses, and many more.
Forecast Accuracy Reporting
Forecast Pro maintains an archive of your previous forecasts (both statistically–generated and adjusted forecasts) so that you can compare and contrast previous forecasts to what actually happened. With just a quick glance at Forecast Pro’s “waterfall” reports you can zero in on what’s working and what isn’t.
Exception Reporting
Forecast Pro’s flexible exception reporting allows you to focus on areas that need your attention. The reports are easily customizable to reflect different performance metrics ‒ such as forecast vs. history or whether forecast error exceeds a pre-defined threshold – and give you a quick way to identify potential problem areas.
Forecast Value Add Reporting
With Forecast Value Add reporting you can track accuracy across each step of your forecasting process. Easily compare the statistical forecast, final forecast, and/or specific overrides to what actually happened. This at-a-glance report helps you quickly identify which steps or participants in your forecasting process are adding value and which are making your forecasts less accurate.
I was discussing our current work situation with a colleague who I have known for a number of years and whose opinion I trust. Basically we had NO forecasting system in place to maintain a business of more than 150 SKU’s held over five interstate warehouses. Considering the long lead-times and variable demand of our range of products our inventory, it was fair to say, was not optimised. Forecast PRO TRAC was recommended as an appropriate solution. The installation was painless and we had an immediate result which was a great improvement on the previous assumptions. The outputs are useful, amendments are easy to make and the visual nature ensure review with sales and financial people are very straight forward. Supply Chain Business Solutions were patient during the implementation and subsequent “dumb” questions have been handled professionally and thoroughly. I would have no hesitation recommending Forecast PRO TRAC as a solution that will quickly add value and is cost effective.
John DenningtonNational Supply Chain Manager ARYZTA Food Solutions Australia Pty Ltd, Sydney, Australia
I was first introduced to Forecast Pro TRAC through an associate who had been using the software for a number of years. At the time, we were actively looking to improve our forecasting methods as they were limited and generated in isolation. We now have the ability to anticipate future line item requirements with confidence create visibility and work collaboratively across the business on one ‘set of numbers’. SCBS continue to support our move beyond implementation and are very responsive to all our queries. I highly recommend Forecast Pro TRAC to anyone looking to simplify and improve their demand planning practices.
Greg WillinghamOperations Analyst COMCATER PTY LTD, Melbourne, Australia
Davey Water Products has been using Forecast Pro TRAC for over 2 years now. Not only has our forecast accuracy greatly improved under Forecast Pro from our previous forecasting system, but also the amount of time spent on forecasting has significantly decreased by using this software, allowing me to fit more into my month. I would have no hesitation in recommending Forecast Pro TRAC, and indeed I have to our sister companies.
Andrew LeeInventory Controller Davey Water Products, Melbourne, Australia A GUD Group Company
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