forecast pro
Forecast Pro is an off the-shelf forecasting package designed for business forecasters. Forecast Pro is used across virtually all industries and puts sophisticated forecasting techniques into anyone’s hands. It is powerful & accurate, yet easy to use and quick to implement. You can be up and running in just days or even hours.
Forecast Pro Capabilites
With Forecast Pro, you can create accurate forecasts quickly and easily using proven statistical forecasting methods. Research has shown that no single method works best for all data, which is why Forecast Pro provides a complete range of forecasting approaches to address all types of business needs. Forecast Pro’s models accommodate seasonal demand, product hierarchies, product promotions, slow-moving items, causal variables, outliers and more.
Automated 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.
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. Stakeholders can collaborate seamlessly in the application itself or via Excel.
Sales & 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.
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.
Easily Integrated
It’s easy for your organization to take advantage of all that Forecast Pro offers as the premier standalone forecasting solution without abandoning your existing ERP or other planning systems. Forecast Pro can easily hook into any other systems or databases that your organization uses, freeing you from the burden of being stuck with a lackluster embedded forecasting module. With 12,000 organizations using Forecast Pro worldwide, our solution is used in conjunction with virtually every system under the sun! The forecast that you will produce with Forecast Pro can then be imported into your Opcenter Advanced Planning & Scheduling modules to aid in your strategic long term planning decisions.