Defining a Forecast
A forecast shows predicted future demand for items over time.
You can assign any number of items to a forecast, and use the same item in multiple forecasts. For each item you enter the days, weeks, or periods and the quantities that you expect to ship.
A forecast entry with a forecast end date specifies the same quantity scheduled for each day, week, or period until the forecast end date. A forecast entry without a forecast end date is valid only for the date and time bucket specified.
Prerequisites
To define a forecast:
1. Navigate to the Forecast Sets window.
3. Enter a unique name for the forecast.
4. Choose the Forecast Items button to open the Forecast Items window.
6. Choose the Detail button to open the Forecast Entries window.
8. Enter a date. This is typically the date you expect to ship the item or the beginning of the week or period that you expect to ship the item.
9. Enter an optional end Date. This creates forecast entries of the same quantity for each day, week, or period until the end date. A forecast entry without an end date is valid just for the date and time bucket specified.
10. Enter a current quantity. This also becomes the original quantity and the total. Forecast consumption reduces the current quantity. Forecast consumption plus the current quantity equals the total.
11. Enter an optional confidence percentage that the forecasted item will become actual demand. Oracle Master Scheduling/MRP and Supply Chain Planning multiplies this percentage by the forecast quantity when you load it into a master schedule.
12. If you are working in a project environment, enter a valid project and task reference. After entering a valid reference, you can select a price list and an average discount in the flexfield.
Note: Your ability to enter project and task references is determined by organization parameters set in Oracle Inventory. If the project control level is set to project, then the task column will be dimmed, preventing you from entering task references. If the control level is set to task, you can enter references into both columns. See: Setting Up Project MRP in Oracle Inventory.
See Also
Forecasts...