Definition
The Forecast Vs Statistical Alert will notify you when an item is under or over-forecasted and whether or not additional supply planning is needed for the item.
The goal is to help identify, in an automated way, when adjustments should be made to manual forecasts.
The main screen for the Forecast Vs Statistical alert is the Manual Forecasts screen.
The Forecast Vs Statistical Settings control when you see alerts for the Forecast Vs Statistical alert messages.
- Minimum US dollars (Monthly)- Minimum US dollars worth of error on items, forecasted monthly before an alert is flagged. Leave empty to disable the check
- Minimum Units (Monthly)- Minimum units worth of error on items forecasted monthly before an alert is flagged. Leave empty to disable this check
- Minimum US dollars (Weekly)- Minimum US dollars worth of error on items forecasted weekly before an alert is flagged. Leave empty to disable this check.
- Minimum Units (Weekly)- Minimum units worth of error on items forecasted weekly before an alert is flagged. Leave empty to disable this check.
- Alert On Low-Volume Items- Allows you to disable the alert for items with less than 1 unit per period of forecast
- Alert On New Items- Allows you to suppress alerts for new items, since they will almost surely have periods outside limits, as there is limited data. Once the item is not new, alerts will appear.
- Alert On Sporadic Items- Allows you to suppress alerts for items with sporadic/slow/dead usage types, since most activity for those items will be outside of forecast expectations. However, notifications for activity on such items can be useful