How to: Create a Forecast

  • Article

You can create sales and production forecasts with the Production Forecast window.

To create a forecast

  1. In the Search box, enter Production Forecast, and then choose the related link.

  2. On the General FastTab, select a forecast in the Production Forecast Name field. Multiple forecasts can exist and are differentiated by name and forecast type.

  3. In the Location Filter field, select the location to which this forecast will apply.

  4. In the Forecast Type field, select Sales Item, Component, or Both. If you select Sales Item or Component, then you can edit the quantity by period. If you select Both, then you cannot edit the quantity, but you can choose the drop-down arrow button and view the production forecast entries.

  5. Specify a Date Filter if you want to limit the amount of data displayed.

  6. On the Production Forecast Matrix FastTab, enter the forecasted quantities of Sales Item or Component forecast for the various periods.

  7. On the Matrix Options FastTab, set the time interval in the View by field to change the period that is displayed in each column. You can select from the following intervals: Day, Week, Month, Quarter, Year, or the Accounting Period, as set up in Financial Management.

    Note

    You should consider which time interval that you want to use for future forecasts so that the time interval is consistent throughout. When you enter a forecast quantity, it is valid on the first day of the time interval that you select. For example, if you select a month, then you enter the forecast quantity on the first day of the month. If you select a quarter, then you enter the forecast quantity on the first day of the first month in the quarter.

  8. In the View as field, select how the forecast quantities are shown for the time interval. If you select Net Change, then the net change in balance is displayed for the time interval. If you select Balance at Date, then the window displays the balance as of the last day in the time interval.

Note

You can also edit an existing forecast. In the Production Forecast Matrix window, On the Actions tab, choose Copy Production Forecast and populate the Production Forecast window with an existing forecast. You can then edit quantities as appropriate.

See Also

Concepts

About Forecasting Functionality

Other Resources

Production Forecast