Introduction – What is Simple Forecasting?

Simple Forecasting is a straightforward, easy to use Demand Planning application.

The core of the application is an algorithm which will create a simple projection from historic sales and then allows the user to adjust this initial forecast by:

• Incorporating seasonality and other repeating trends
• Selecting and eliminating erroneous historic data
• Adding promotional increases
• Adding other demand impacts (negative and positive)

The forecast can then be exported for import into a planning system of choice (It is specifically formulated for use in the Veloc Planning System).

The application can report forecasts by Item and by a range of groupings – Customer, Geographic Location, Warehouse, Product Type and more. (Paid version only). These groupings are set by the user.