Demand forecast updating Camdasexdates
Bidirectional connectivity pulls in data from your sales system and automatically exports the forecasted order information to your ERP system.All stakeholders are able to collaborate, ensuring an accurate, definitive demand forecast.Streamline has made a major difference in our forecasting and manufacturing planning.The ease of use, flexibility, and accuracy has far exceeded our expectations.Do you need to collaborate with your colleagues to develop your forecasts? For many businesses, the final forecast is a consensus between statistical forecasts and management/planner assumptions.Our forecast approval system gives you an opportunity to manage your forecasts with others, allowing each SKU to have a status of Approved, Unapproved, or Needs Attention. GMDH Streamline provides an environment where forecasts can be managed, reevaluated, and modified to account for additional information known internally by your management team, or provided by your vendors and suppliers.
Big variations in demand were a major problem for HP’s management.
These include the total cost of ownership of the chosen solution, reliable, high quality support, and finally, your ability to evaluate all features before making the decision.
Let’s take a closer look at Streamline features specific to demand forecasting: Inaccurate Forecasting may be more dangerous than not forecasting.
Many forecasting products use “model fit” to determine which forecasting algorithm to use.
The problem with this approach is that it promotes models that may look great on current data, at the expense of making accurate predictions on future data. GMDH Streamline uses special algorithms to create models that do not overfit, and thus provide more accurate forecasting predictions.