Advanced Forecasting

The Activant Prelude Forecasting System can significantly reduce inventory requirements while improving customer service. The Distribution Requirements Planning (DRP) component permits personnel to plan purchases and logistics months in advance.

DRP and formula-based forecasting with exponential smoothing allow distributors to move beyond traditional inventory control to maximize customer service while controlling inventory investment.

Formula-based forecasting is the most advanced requirements planning method in the industry. An accurate forecast is essential for purchasing, transferring or manufacturing the right product in the right place at the right time. Formula-Based Forecasting offers twenty standard formulas, which should handle virtually all forecast situations. In addition to the twenty standard formulas, the user can enter additional formulas as required. Historical daily usage patterns are analyzed against the formulas to determine which formula would best explain the behavior of the product's random demand. The user can decide whether to accept the system's recommendation to automatically switch formulas.

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