What are my inventory needs?
Forecast Master creates a graphic case for sales potential and the inventory needed to meet that potential. Several calculation methods are available, including a sales curve that considers seasonality, the retailer's promotional calendar, and calendar shifts. Curves can be customized and the user can pinpoint needs based on the selling characteristics of each item.
The Forecast Master also includes a function to forecast sales and inventory needs for catalog business.
Forecasts sales and inventory needs by month for a rolling 10 months.
Projects SKU balance inventory (ensures ownership ratio match sales ratio by SKU)
Forecast sales based on store count, volume, group size
Weeks of supply model is user defined.
Calculates Annual Potential by SKU.
Calculates from the Wholesale or Retail Floor perspective.
Ability to include Wholesale Shelf Stock, Wholesale in calculations.
Takes seasonality into consideration via sales curves.
Configures adjustments for lost sales.
Supports Catalog forecasting, including ability to include omissions.
Forecast Master also includes New Item Forecast. This toolhelps determine initial set quantities, and up to 3 additional replenishment needs based on store count, weeks of supply model and user-defined average selling by store. Having this information is extremely beneficial as it allows suppliers to more efficiently plan production.
