Forecasting
Forecasting is how you manage one of your largest assets. Effective management of inventory is not only a way to save on costs, but also better serves customers with timely product delivery. The MBS DEV Forecasting module is software powered by the sophisticated Microsoft Dynamics AX® inventory control methodology, but is still easy to understand. From a buyer’s perspective, this is a big benefit to the company.
"Microsoft Dynamics AX 2009's advanced features and functionality with MBS DEV's industry expertise will enable us to streamline our processes and promote best practice, maximize data accuracy, spur productivity and squarely meet our vertical industry needs. The solution will form a cornerstone of our long-term strategy to grow our business while running a tight, efficient and economical operation internally."
-Procurement Manager, Penn Jersey Paper
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Key Features
- Automated reorder purchase order creation
- Integrated to the buyer’s workstation
- Purchase orders created to meet vendor minimums by dollar amount, weight, volume and quantity
- Safety stock and reorder point calculation
- Calculations for safety stock and reorder points
- Ability to smooth the demand for unusual spikes and capture cancelled lines or orders
- Economic order quantity (EOQ) for stock replenishment, displayed graphically with costing information for different quantities
- Display forecast versus demand for accuracy
- Marketing forecasts for new items and promotions
- Purchase orders immediately activated in the system or placed on hold without updating inventory position
- Automated period begin and end dates
- No end-of-month synchronization updates to demand completion in the invoicing and cancellation modules
- Warehouse transfers can be triggered from the reorder process
- Vendors can be set up on a schedule for reorder purchase orders
- Vendor-level configurations for calculations
- Manual or calculated safety stock
- Configure only the products that need to be forecasted
- Configured ABC code service levels
- Configured weighted average weights
- Forecast products by size, color and configuration (inventory dimensions)
- Product rounding percentage for next purchase quantity
- Forecast methods applied on the product level
