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What if you could accurately forecast demand to ensure the sufficient supply of components? Since customer expectations, vendor delivery dates, and lengthy production schedules can exceed your necessary lead times, you have to anticipate demand and take proactive steps to allocate capacity, purchase materials and manage your inventory. The reality is that you need to build product and/or BOM-level parts ahead of incoming demand.
Making the right decisions on what to build requires a good forecast. Many small and midsize manufacturers rely on historical performance and trends to make future demand assumptions. However, storing, analyzing and reporting meaningful data can be complex and time consuming, so key decisions are often made based on “gut instinct” alone.
Manufacturing planners or senior managers in make-to-stock, mixed mode and make-toorder environments can use the M2M Demand Forecasting tool to make better decisions about medium-term production plans, long-term capacity plans, purchasing relationships and inventory management. M2M Demand Forecasting takes advantage of the historical sales data within M2M ERP and a powerful statistical forecasting engine to help you generate quick and accurate forecasts for finished goods, key sub-assemblies, and parts.
To help you gain greater visibility into future demand for sold parts or stock raw materials, you can use the automatic forecasting feature to make quick projections and select the best method of meeting demand based on the powerful statistical calculations provided. You also can forecast at the lowest part level desired and create an unlimited number of calculations or history revisions. Forecasts can be quickly generated for thousands of parts or across multiple facilities. In addition, you can simulate changes in sales, production and demand, and see their impacts on forecasts, budget targets, and other areas of the company.
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