Advanced Demand Forecasting

Demand Forecasting for Microsoft Dynamics 365 for Finance & Operations from Farsight Solutions is a fully integrated Dynamics 365 for Finance & Operations 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-Dynamics 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 365 for Finance & Operations 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