1. What methodology is used in forecast calculation?

The most important question for any business is – when you need to start placing orders to replenish your stock. This is exactly what DataQlick is doing. It calculates Sales average for each product and it accounts for shortages or overages in inventory on hand. One thing that you can agree with: NO ONE HAS A […]

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2. View and understand forecasting for each item

View of the forecast purchases is on Inventory/Forecast page. Recommended replenishment quantities of products are in monthly buckets for forward looking 6 months. At this moment there is only one BASE being used Standard. In the future we will be adding ability to visualize the BASE patterns and change them on each product level. User […]

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3. Is forecast data recalculated daily?

Yes. Forecasted purchase recommendations are calculated daily once per day. Any changes to forecast of Recommended Purchases will be driven by changes in sales and changes in Lead Times + Safety Stock. Its numbers recalculated daily (once per day).     How helpful was this article?

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4. What is involved in configuring forecast settings?

The only configuration for forecast settings now available to user is Reorder Lead Times configurations. And even that – DataQlick system provides default settings for it. Read more about Reorder Lead Times here: http://www.dataqlick.net/how-system-dataqlick-sets-reorder-levels-reorder-points-for-my-product/     How helpful was this article?

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