Who should forecast
All corporations need forecasting. It is the only forward-looking
component of the entire management infrastructure and is a required
information source for all of the other management planning systems.
Marketing Users can:
- Understand Product Trends
- Understand the Impact of a New Product Launch
- Forecast Markets and Market Share
Sales Users can:
- Create Customer-Based Forecasts
- Develop Budget Forecasts and Quotas
- Forecast over the Internet
Logistics / Operations Users can:
- Link Forecast Output into ERP/DRP Supply Chain Systems
- Calculate Safety Stocks
- Reduce Inventory
Finance Users can:
- Use TimeTrends output to Feed P&L Statements and Financial
Purchasing / Procurement Users can:
- Determine Replenishment Order Quantities
What can you forecast?
Good forecasting software allows for the building of a complete
forecasting process that is fully tailored to the corporation's
precise business practices. We at ALT-C Systems, through our
acquired experience, can guide your corporation with
suggestions that we know will bear fruit.
Where does the data come from?
Accurate forecasting requires a two-pronged attack. Pure statistical
forecasting (a black-box approach) can only produce a quantitative baseline forecast
that cannot foresee events that have the potential to render the forecast
dangerous. To counter this problem, we have designed a process that
can intelligently combine qualitative event information from local and field personnel
with these quantitative baseline statistical forecasts.
implementation is designed to automatically acquire all of the necesary numerical
information from any number of disparate corporate data sources. Once processed the
results can be automatically fed to any downstream systems that you desire after
whatever validation and controls (that your business model requires) have been applied.
When should you be forecasting?
The sooner, the better. A good forecasting process has
the capacity to yield greater profits through improved customer
service levels and also decrease ongoing costs through optimized
inventory control and human resource efficiency. See our
Support page to get a better idea of
the effort involved.
Why should you forecast?
Forecasting is likely the least expensive component of the entire
management planning system but, properly implemented, it has the
potential to deliver the greatest dollar-value return on investment
in the shortest amount of time. Simply put, you should forecast in
order to increase your bottom line.