Definition
The Forecast Error History Alert will notify you when the historical forecast error of your item falls outside certain ranges. The goal is to have some automated notification of when the forecast that is in place - manual or auto - is not providing adequate forecast accuracy, and should be a prompt to possibly make some changes.
The main screen for the Forecast Error History Alert is the Forecast Error History Screen.
You can find settings for this alert by clicking the Alerts button in the Forecast Error History Screen.
- Minimum Dollars (Monthly) - The minimum value to be alerted on. For example, 200% error on $.50 is not worth your time to evaluate most likely. This is used for items being forecasted on a monthly interval.
- Minimum Units (Monthly) - A minimum number of units that corresponds with your error upon which to be alerted. This is for items forecasted on a monthly interval
- Minimum Dollars (Weekly) - Minimum value, same as above, but for items forecasted weekly.
- Minimum Units (Weekly) - Same as above, but for items forecasted weekly.
- Alert On Low-Volume Items- Whether or not you want alerts on items that generally have less than 1 unit of sales per forecast period
- Alert On New Items- Whether or not alerts should be raised for new items, as their history typically falls out of configured time frames
- Alert On Sporadic Items- Whether or not you want alerts on items with sporadic/dead/slow usages, as their behavior is typically outside of forecast expectations
- Alert On Non-Forecast Order Policy- Allows you to suppress alerts for items that are Do Not Forecast, Min/Max, Buy To Order, Build To Order