GLOVIA G2 Forecasting ERP Software allows you to forecast by week or month and to divide product-demand history into smaller, more homogeneous demand streams. This can be extremely useful in the case where, for example, domestic sales and exports have different demand characteristics.
Demand streams can also be broken down by customer type, such as retail and government buyers. In larger organizations, the ability to partition forecasts simplifies integrating forecasts from several buyers into an overall forecast demand based on bookings or sales.
Forecast worksheets permit users to segregate and analyze data quickly for selected demand streams and products. Analysts can calculate forecasts using any of more than two dozen built-in forecasting methods. The application automatically tracks the results of each forecast calculation and determines the best-fit formula for actual demand. That same formula can then be used again at a future date to forecast demand. To eliminate repetitive calculations for a number of similar products, demand can be forecast at the group or item level.
GLOVIA G2 Forecasting ERP software enables “what-If” cycle iteration simulations to can be explored to refine forecasting precision further. At any time, worksheet calculations can be frozen and a new cycle of forecasts run. Worksheets can be calculated, consolidated, analyzed, adjusted or recalculated a number of times – and results of all “what-if” forecast calculations can be retained.
After analysis is complete, you can choose the most representative “what if” cycle, which is designated the primary forecast. The primary forecast is then moved to the master production schedule and all other “what if” alternatives are automatically deleted. The primary forecast is used as a starting point for the next cycle of forecasts and as a data point for comparing actual demand in the following period. Forecasts can be transferred at the item level and optionally spread over smaller master production schedule time periods.
Contact FUJITSU GLOVIA for more information about its GLOVIA G2 Forecasting ERP software.
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