06/01/2021
DL& Associates Inventory Forecasting Add-on.
Inventory Forecasting is the process in which the historical sales data, historical purchasing data, current demand planning, planned production, and distribution resource plan data are used for predicting inventory levels in a future time period. Since Inventory is dependent on supply and demand, this forecast is calculated based on the delta between the two.
Key features of inventory forecast report
• Forecast item sales history by site, by customer, by sales rep, and by item
• Forecast based on past sales history
o Average Qty sold per month
o The same Month prior year
• Report inventory ending quantity with rolling 12 months
Inventory Forecasting is the process in which the historical sales data, historical purchasing data, current demand planning, planned production, and distrib...