Definition
The Over forecasted Alert will notify you when your historical (or current period) forecasts are above your actual independent demand by more than your specified parameters in any particular period. The goal is to help identify, in an automated way, when you have months or weeks where something unusual may have occurred, and therefore needs manual adjustment or human insight in the form of an Event or some other adjustment.
Some of the tolerances and settings, such as how far back to test can be found in the Global Demand Forecast Settings screen.
The overforecasted alert settings control when you see alerts for this message
- Minimum Dollars (Monthly) - Minimum dollars worth of error on items forecasted monthly before an alert is flagged. Leave empty to disable this check. Variations under this amount, even if they are outside the tolerance limits, will not cause an alert to be generated.
- Minimum Units (Monthly) - Minimum units worth of error on items forecasted monthly before an alert is flagged. Leave empty to disable this check. Variations under this amount, even if they are outside the tolerance limits, will not cause an alert to be generated.
- Minimum Dollars (Weekly) - Minimum dollars worth of error on items forecasted weekly before an alert is flagged. Leave empty to disable this check. Variations under this amount, even if they are outside the tolerance limits, will not cause an alert to be generated.
- Minimum Units (Weekly) - Minimum units worth of error on items forecasted weekly before an alert is flagged. Leave empty to disable this check. Variations under this amount, even if they are outside the tolerance limits, will not cause an alert to be generated.
Applies To
Items in StockIQ for which sales in a month < Forecast in a month