There are three types of time periods that StockTrim can forecast for:
- Lead Time
- This is the time it takes for an order if placed today to arrive and be ready to use.
- You can add a specific manufacturing time to this if needed or relevant
- Forecast Period
- You can overwrite the Lead Time value with a different Forecast Period value if required. Example - your lead time to get a product in might be 30 days, but you want to order enough stock to last for a 3 month sales cycle, so you set the Forecast Period to be 90 days, and we will then forecast your potential sales for that 90 day period.
- Order Schedule
- Enabling the order schedule allows you to do multi-period forecasting for set repeating time periods. So your lead time might be 30 days, and you set your Order Schedule to 15 days, meaning you want to order this product every 15 days. So your first initial order will use the Lead Time + Order Schedule value: e.g. 30 day lead time + 15 day order schedule, means the first calculation is looking out 45 days.
- If you have the Order Schedule enabled, but don't want the system to add in the specified schedule time into the default initial forecast we calculate, you can set the Forecast Period at this stage, to be similar to the Lead Time, and this forces the system for this initial calculation to just use the Forecast Period value.
- e.g. 30 day lead time, 15 day order schedule, set forecast period to be 16 days, and it only looks out 16 days.
Comments
0 comments
Article is closed for comments.