This screen allows you to set up some default life cycle settings.
Access it by going to Admin --> System Configuration --> Default Life Cycle Settings.
Life Cycle Type - Determines the default life cycle type to use, typically "None", meaning no life cycle logic is being applied by default. If you wish to use a certain life cycle by default, you can select "Use Hierarchy Level" and select the appropriate level, but this is not generally recommended as a global setting.
Auto Update Peak Usage From Actuals? - When initially configuring an item to use a life cycle in the Life Cycle Settings tab, one key input is the expected peak usage. After a product has been introduced, StockIQ can compare actual performance on the life cycle curve to expected performance (based on the curve and the peak value), and auto-adjust the peak value to compensate. When enabled, you can then enter after how many periods you want StockIQ to evaluate this. This is particularly helpful on short life cycle items, where you don't have long to forecast the item before it may expire.
Auto-Revert to Stat Model? - Similarly to possibly adjusting the peak usage from actual sales, StockIQ can begin to evaluate accuracy of the life cycle generated forecast versus the statistical model, and when the stat model accuracy is higher than the life cycle model, it will revert to a standard statistical forecast, and disable use of the life cycle for that product. If you enable this option, you can enter after how many periods StockIQ should begin this analysis. This is particularly useful on long life items where you may need the life cycle assistance for the first 3-6 months of a product's life, but afterward, it can be forecasted accurately from demand history.
Life Cycle End Action - Determines what StockIQ should do at the end of the life cycle. For a long-lived item, you likely want to revert to the standard statistical model. For a short life cycle item, you likely want the StockIQ life-cycle generated forecast to drop to zero by marking it Obsolete, ensuring you will not get further purchase signals for an item that is likely end-of-life.