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The Forecasting module included
in the Wholesale Distribution Suite (WDS™) for Microsoft Dynamics™ AX allows
companies to have forward visibility to much better anticipate
variations in demand that inevitably occur.
While forecasts are, by definition, never right; the key
to fully realizing the benefit of a forecasting module is
to minimize the amount of error in the forecast.
The challenge to this can sometimes be that companies don’t
have the time or expertise to dedicate to producing sophisticated
statistical models.
MBS Dev has solved this problem by basing the Forecasting module on the work of statistical guru Jon Schreibfeder (a
Microsoft consultant for inventory strategies). Over the
past 20 years, Jon has helped over 1,000 companies improve
their productivity and profitability through better inventory
management. Jon has written many white papers and books
specifically for distributors to help them increase efficiency,
customer service and profitability with smart inventory management
techniques based on statistical models designed to minimize
forecast error.
MBS Dev has built-in these techniques to the Forecasting
module which allow distributors to make better decisions
that help the reduce safety stocks and inventory levels while
simultaneously increasing fill rates and customer satisfaction.
Forecasting module capabilities include:
- EOQ calculation and order
quantity
- Weighted average calculation
- Six month average calculation
- Min / max order quantities
- Line point / order point
- Safety stock calculation by ABC codes and service levels
- Vendor lead time calculations
- Vendor minimums by dollar, quantity, volume and weight
- Supplier cycle days
- Smooth demand and what-if scenarios
- Automated purchase order creation
and reviews
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