Creating a Forecast

Sales and Production forecasting are fully supported by the program and completed on the Production Forecast window.

To Create a Forecast:

To create a forecast in the program:

On the lines, the Item List for your company will display. This information is not editable.

For each line of the Item List, enter the Sales Item or Component forecast for the period specified.

You can alter the period displayed in each column by clicking on one of the time interval buttons in the lower left-hand corner of the window: 1 (day), 7 (week), 31 (month), 3 (quarter), 12 (year), or three horizontal lines (accounting period, as set up in Financial Management). It is worth considering which time interval you want to use for future forecasts so that the time interval is consistent throughout. When you enter a forecast quantity, it is valid on the first day of the time interval that you select. For example, if you select a month, you enter the forecast quantity on the first day of the month. If you select a quarter, you enter the forecast quantity on the first day of the first month in the quarter.

Within the periods, Net Change or Balance at Date quantities will display. Select the type of quantity using the buttons to the right of the time interval buttons in the lower left-hand corner of the window.

As an alternative to entering a forecast manually, you can click Functions, Copy Production Forecast and populate the Production Forecast with an existing forecast, and make edits to quantities as appropriate.  

Related Topics

About Forecasting Functionality

 



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