New Item Forecast

In this view, you can review the forecast of the new item, change new item strategies, and immediately see the impact in the forecast.

The measures that can be edited to trigger what if are:

  • Substitute method

    Depending on the selection, the user needs to provide additional information, such as user provided base demand or user selected like item.

After editing and clicking Save, the Approve Flag measure is set to true. When the Approve Flag is true, it means that all settings are validated, and the user can either approve the selection, or run What-If. To run What-If, the user needs to manually set the What-If measure to true for the locations the user desires. At this point, the analyst can perform what-if by clicking the Forecast New Items button.

Once the what-if was run, the what-if flag will turn to false, and the Approve stays true. The user can either approve the changes, by clicking the Approve button, or can perform further what-if runs. By not approving any changes, the user will retain the initial setup.

  1. Make changes to the New Item Forecast Strategy for one or more locations, then click Save.
  2. Ensure the Approval Flag is enabled.
  3. For each location where the Approval Flag is set to True, manually enable What-If.
  4. On the main grid, click Forecast New Items.
  5. The What-If measure is disabled while the forecast is being generated.
  6. Review the forecast results in the bottom drawer.
  7. Perform What-If adjustments as many times as needed until you are satisfied with the forecast.
  8. Once you are satisfied with the forecast, click Approve New Items.

The measures in the New Item Forecast view are:

  • New Item Forecast: this is the initial forecast created.

  • User Forecast: this is the result of the latest What-if run.

The two versions of the forecast can be viewed in the grid OR in a chart.