The Forecasting module is used to forecast product demand for replenishment. ORDER POWER! will recommend which items are to be purchased or manufactured, and optionally create vendor purchase orders.
ORDER POWER! provides the user with two forecasting models:
- A conventional model that is used extensively in the catalog / web commerce market where promotions and campaigns have a major effect on future product demand
- A traditional wholesale distribution model using time series analysis where customer buying history can be projected to determine future demand
Forecasting by number of orders and revenue is standard in ORDER POWER! and is part of “Source and Sales Analysis.”