Demand Forecasting for Microsoft Dynamics™ AX from Farsight Solutions is a fully integrated Dynamics AX module that calculates forecasts of future demand (demand planning) for items based on sales order or invoice demand, and optionally production and projects demand, providing a powerful tool that enables companies to intelligently plan ahead.
Users can compare forecasts against history and manually adjust figures easily & conveniently, with graphical presentation of information to clearly display seasonal and other trends.
Demand Forecasting enables companies to generate sales forecasts using advanced industry-standard forecasting algorithms without the need to interface to non-AX products. The inclusion of the Forecast Pro forecasting engine from Business Forecast Systems, Inc., Belmont, Massachusetts, provides customers with the power of an industry-leading forecasting solution and the ease of use of the Dynamics AX product.
Major features are:
- Automatic generation of forecasts using multiple formulas
- Optional grouping of customers and items with similar demand characteristics to increase the accuracy of forecasts
- Item supersessions to enable forecasting of new items based on demand history of old items
- Adjustments to forecasts to allow for sales promotions and other events
- Ability to manually adjust demand history to remove abnormal demand (outliers)
- Optional documentation of reasons for manual changes
- Graphical presentation of forecasts alongside history, with promotional forecasts clearly visible
- Forecast accuracy measurement