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Forecasting Gets Smart
Generate demand-driven forecasts automatically with JustEnough’s Demand Forecasting solution. JustEnough forecasts your future demand using historical sales as a guide in addition to future events like seasonality, customized causals, promotions, public holidays, short-term weather changes and any other significant factors that impact demand.
Financial planning starts the process. The C-level executives perform forecasts (at a high level) to determine growth for the business a certain number of months out. They may perform also this forecast at one or two levels down (either region or divisions within the business). With high level forecasts, detecting trends is much easier. The executives then come to a consensus forecast, which is now communicated to the lower level management team. The low level management team is now responsible for executing on this plan and they can increase or decrease their forecasts to align their numbers with the executive team.
The low level managers will start with a seeded plan from the JustEnough tournament forecast. They now have the ability to perform high level forecasts, and to split this down depending on the level they are changing the figures.
With smarter forecasts that represent true demand, you’ll avoid poor forecasting outcomes like overstocks, product obsolescence and lost sales.
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Forecast Accuracy
Manage low forecast accuracy items by capturing lost sales or applying causals and events to smooth out demand for higher forecast accuracies.
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Forecast Cycles
Customize forecasting cycles by product or groups of products with cycle selections such as daily, weekly or monthly as well as longer cycles that range from 3 to 18 months.
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Varying Velocities
Proactively stock fast-moving items and reactively replenish slower items to capitalize on selling opportunities.
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Product Life Cycles
Manage your products through complete life cycles so your inventory doesn’t become obsolete before it’s sold. JustEnough uses historical data to create product life cycle curves and then develops a methodology for forecasting new product life cycles by superseding the historical data of similar products.
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What-If Scenario Planning
See exactly how different scenarios affect your forecasts so you can gauge the financial impact on other areas of the supply chain.
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Performance
JustEnough automatically forecasts millions of SKUs every day for some of the busiest retail brands in the world. Forecasting of this magnitude means you can focus on running your business while JustEnough works in the background.
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