Forecasting Details
The forecasting details page, accessible from Procurement -> Forecasts, shows the forecast details - products, required materials, and action dates.
This page allows:
- creating a procurement forecast,
- updating an existing forecast,
- creating manufacturing orders and purchase orders based on the forecast,
- adding notes,
- exporting the forecast to Excel or PDF.
Jump to:
- What is a procurement forecast? How does it work?
- How to create a procurement forecast?
- How to forecast the materials for multiple sites at once?
- Tips for using the forecast.
Creating a procurement forecast
For creating a procurement forecast:
- Go to Procurement -> Forecasts and click Create.
- Enter the forecast title to identify it (for example, "3rd quarter").
- Select, whether:
a) available parts will be considered in the calculation (i.e. available items already in stock, plus available items still waiting to be received);
b) available parts will be ignored in the calculation. - Enter products and quantities that are planned to be produced in the future.
- Enter the Due date when the products should be available in stock. Available only together with the Backward Production Scheduling functionality.
- Select whether the forecast should consider current available inventory, or ignore it.
- Click Calculate materials and timing button. As a result:
- For every product, the software shows when a manufacturing order should be started.
- A list of required raw materials is displayed (part, quantity, cost, vendor, last order date).
- The forecast is saved. - Manufacturing orders can be scheduled to the production plan by checking the products MO column and clicking Create manufacturing orders button.
- Purchase orders can be created by selecting the materials PO column and clicking the Create purchase orders button.
Multi-site forecasting
If there are multiple production sites, there are two options to choose from when creating a forecast:
- Select one site for the forecast.
- Select option All sites for considering all sites in the forecast.
If a site is selected:
- The software calculates required manufacturing and purchase orders.
- The manufacturing orders can be added to the production schedule at the selected site.
If All sites option is selected:
- The software calculates the total quantity of materials that are required to produce all the desired products.
- It is not possible to create manufacturing and purchase orders, because these must be placed at particular sites.