Forecast

Forecasting or (better known as) Sales Forecasting is the process of estimating what your business’s sales are going to be in the future. A forecast is based on historical sales data is done for a particular period of a time in the near future, usually the next calendar year. A sales forecast enables a company to make informed business decisions regarding your inventory or your cash flow or plan for growth.

For this reason, forecasting should be a central activity in your operations.

Forecasting in iVend POS 6.2 provides a wide range of forecasting models with an automatic "best pick" option. The Forecast window in iVend Management Console is an intuitive interface that displays hierarchical data in a tree-like structure, allowing you to work at different level of details with a simple click of the mouse. As you navigate from item to item, synchronized sections displaying graphical and tabular data are instantly updated.

Forecasts can be generated based on product, product group, product categories and merchandise hierarchy. Furthermore the forecast can be consumed in MRP calculations.