Capabilities

Capabilities 2019-02-19T12:47:26+00:00

Capabilities

Forecast Pro offers a comprehensive portfolio of tools for solving a wide range of forecasting challenges. Whether you are looking for just the basics or need advanced forecasting techniques and analytics, Forecast Pro has the right tools for you.

Automatic Statistical Forecasting

Forecast Pro’s automatic “best pick” algorithm allows you to generate accurate forecasts, even for thousands of items, in a matter of seconds and will account for seasonal patterns, trends, business cycles, promotional activity and more. If you prefer to specify the forecasting approach, Forecast Pro provides menu-based custom modeling options and a comprehensive set of diagnostic tools. Visit the Forecasting Methodologies page for a complete list of statistical methods implemented in the software.

Automatic Statistical Forecasting
Capabilities

Customized Hierarchies & Multiple Units of Measure

You can forecast at any level of granularity and easily view/report aggregate data and forecasts. Forecast Pro also supports hierarchy pivoting and the ability to work with forecasts in units, dollars, and other units of measure simultaneously, allowing different parts of your team and/or organization to view the forecasts how they want to see them.

Easy Forecast Adjustment & Collaboration

Forecast Pro makes it easy to collaborate with others to establish the final forecast. A robust, Excel-like grid control allows easy adjustment by percentage, increments, or by simply entering new values. Adjustments to the forecast can be made at any level in the hierarchy, and all changes are automatically reconciled. Handy comment fields make it easy to document changes, and override reports provide total transparency.

Capabilities
Capabilities

Sales and Operations Planning (S&OP)

In support of your organization’s S&OP process, you can import supplementary data into Forecast Pro ‒ such as other forecasts, current inventory, and open orders ‒ to build customized reports and graphs.

Forecast Accuracy Reporting

Forecast Pro maintains an archive of your previous forecasts (both statistically–generated and adjusted forecasts) so that you can compare and contrast previous forecasts to what actually happened. With just a quick glance at Forecast Pro’s “waterfall” reports you can zero in on what’s working and what isn’t.

Capabilities
Capabilities

Exception Reporting

Forecast Pro’s flexible exception reporting allows you to focus on areas that need your attention. The reports are easily customizable to reflect different performance metrics ‒ such as forecast vs. history or whether forecast error exceeds a pre-defined threshold – and give you a quick way to identify potential problem areas.

Capabilities

“Forecast Pro is so easy to use that we were able to create forecasts on the first day that it was installed. Within the first year, Forecast Pro helped us to reduce our forecast error to single digits.”

WENDELL HULL

FIDELITY INVESTMENTS

Capabilities

“Forecast Pro is one of the quickest yet accurate forecasting tools that I have ever come across.”

OSMAN MUSTAFA

FRITO-LAY, INC.

Capabilities

“Our forecasts are used for everything from planning/scheduling all the way up to revenue projection by the executive team. We have a full compliment of Forecast Pro products at Oberto.”

ERIC KAPINOS

OBERTO SAUSAGE COMPANY