Some Forecasting Concepts

In the Next Generation architecture, the AI Foundation supports all the RAP cloud services by providing a single data point of entry to multiple cloud services. From this data, the Forecasting Engine fuels different forecasts at the different levels required by the different processes of the different cloud services. MFP and AP utilize the base functionality of the Forecast Engine. IPO utilizes the Forecasting Engine and the Forecasting Workflow. IPO offers enhanced forecasting review and workflow management that maintain and adjust forecasts at the item level. The other solutions of ASO, LPO, and RI may be configured to utilize the

AIF forecasts as best serves the retailers business objectives. AIF forecasts enhance retailer supply chain’s planning, allocation, and replenishment processes for a more profitable and customer-oriented approach. This unconstrained demand may be sent to execution and planning solutions to be transformed into revenue-based metrics and strategies. Demand forecast provides a single unified forecast with minimal human intervention. The Forecasting Engine generates accurate forecasts of demand as automatically as possible by using a variety of predictive techniques.

The AIF Forecasting Engine utilizes several concepts when forecasting for planning solutions. These concepts are integral parts of the various forecasting methods available in RAP cloud solutions.