Major Improvements & Features
Meet Edison!
Although not widely available to all users until late August, we wanted to give you a preview of your new StockIQ assistant, Edison!
The new Edison screen in the Home module is your one stop shop to get deep insights into everything StockIQ. Whether you are a demand planner, supply planner, or executive, Edison has insights for everyone!
Here are some fun examples of how to get started with Edison:
- What should I prioritize today?
- Can you submit this Purchase Order for Item A to Vendor XYZ for quantity 100?
- Can you list the PO numbers where the items are projected to be below panic point at or before the expected PO receipt date?
- Which vendor is messing up the most? Can you help me craft an email to send to the vendor with data from StockIQ?
- Can you explain this forecast? (NOTE: This can even be done by clicking the lightbulb next to any forecast chart's title)
- Can you explain this order suggestion?
- Can you explain why this item-site has this safety stock? (NOTE: You can ask Edison to add or change a Safety Stock Override for you)
- Show me the products I need to order for Vendor XYZ
- Please compare forecast error for all of my forecast series at lead time
You can also access Edison at any time through the "Ask Edison" lightbulb icon at the top right of every screen. Similarly, some screens have the option to automatically get Edison insights for the available data and visuals
If Edison's response is something you'd like to send yourself or share with your team, you can select the option to Email Edison Response and compose/send the email directly from StockIQ.
Have company-wide terminology or business rules you'd like Edison to remember? Pop into the Edison Admin screen in and add whatever context you'd like Edison to use for every chat moving forward
Additionally, if you as an individual user have preferences or nicknames for how you do your work, you can add context in the Edison Preferences screen in the User Options screen
Report Subscriptions
Have a favorite report in StockIQ that you like to regularly share with your team? Now you can set up an email subscription to have that report show up in your inbox at the interval of your choosing. No need to go into StockIQ and export anymore
When you select the clock icon on the top right corner of a report grid, the report subscription dialog appears to help you configure the following:
- Recipients and optional CC's
- Delivery frequency, start and end dates
- How you'd like the content delivered (including if we should save your filter and layout preferences)
- Whether or not you'd like Edison Insights delivered along with your report
If Edison Insights is selected, you have the option to Evaluate Over Time to keep track of trends tied to the selected report for your specified day range
The "Manage Subscriptions..." button within the subscription dialog allows you to see, edit, and/or delete any existing subscriptions. Additionally, you can manage subscriptions in either the Report Subscriptions screen or in the User Options screen
Some screens that you can begin subscribing to include Custom Reports, Alerts Summary, Projected Excess, Projected Stockouts, Inventory Aging, New Items, Slow Movers, and Order Policies among others.
Leading Indicators
By popular demand, StockIQ now has the ability to load in custom time series data as leading indicators so your forecasts can react before the demand change shows up in your historical data. The ultimate goal is here is to improve your forecast accuracy by giving StockIQ even more data to accurately predict future customer demand
How it works:
- Configure a leading indicator in the Custom Time Series Settings screen (e.g., "POS data")
- Upload historical and ongoing leading indicator data through the CustomTimeSeriesPoint data extract
- StockIQ detects correlation by testing different lag periods (1 month, 2 months, etc.) to find when the leading indicator best predicts demand
- StockIQ generates a forecast from the leading indicator using the StockIQ forecasting algorithm on the leading indicator itself, not just a rolling average
- The statistical demand forecast and leading-indicator forecast are merged to produce a hybrid forecast
- The effect fades over time. As you get further from the detected signal, the leading indicator's influence gradually decreases
As leading indicators are loaded and configured in StockIQ, you can check the effects on your forecasts in Forecast Manager's main charts as well as the Leading Indicator Analysis dialog.
Additional settings for leading indicators can be adjusted in the Default Leading Indicator Settings screen.
"Email This" Option On All Grids
Sick of exporting report grids to Excel only so you can draft an email and attach (or forget to attach) the resulting file? We've now added the option on every report grid throughout the app to email an Excel file directly from StockIQ so you have one less glance at that overflowing inbox
Minor Improvements
- Bug fixes throughout the app
- Add "By Buyer" column to Service Level screen
- Add Buyer Name column to Open Supply Orders screen
- Improve security permissions to obscure Current Cost, Std Cost, Std Price when applicable
- Modify usage calculations for safety stock to use usage from history for policies that do not include usage (used for hub/spoke relationships)
- Add additional date fields to Vendor Scorecard to better track vendor performance
- Add additional Order Number Assignment Grouping Options (Item Code, Supplier-Item Category, Item-Site Category)
- Add "Date First Alerted" to Stockouts and Projected Stockouts reports
- Improve Hierarchy Tree Performance
- Place Orders Performance Improvements
- Add date filtering to Firm And Planned and Open Orders screens
- Add warnings for when forecast settings is "Do Nothing"
- Add option to mark all lines on a sales order as unusual if one is identified as unusual
- Add ability to right click and paste into grid search fields with new word wrap feature
- Add Related Item Sites grid and Item Site Attributes to Stratification Detail > Item Details Tab
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