Forecasting is among the most critical operations for manufacturers and distributors. Acquiring and managing inventory is the most expensive operation for manufacturing firms. That’s why Dynamics NAV incorporates processes to precisely accommodate demand. Easy-to-use and comprehensive features and 18 embedded formulas account for regular orders, irregular orders, new products, discontinued products, one-time orders, lead times, collaboration and much more. Dynamics NAV will serve to reduce inventory on-hand, inventory turnaround, lead times and, ultimately, your inventory management and carrying costs.
Radiant Technologies has partnered with SPS Commerce, a leader in retail supply chain integration. We offer SPS' Trading Partner Intelligence service, which gives suppliers insight into store-level inventory and sales trends. This service allows suppliers to make more informed forecasting decisions.
The forecast view is made up of both the statistical formula-based forecast and the collaborative information that is received from customers or sales representatives. The collaborative forecast is dynamic and will reflect any changes that are made day-to-day.
Managing Surplus Inventory
This system reviews inventory levels in other warehouses for all the items being suggested for order. If a surplus is found in another warehouse, the user is notified, and a transfer can be created instead of purchasing more from the vendor.
In addition to forecasting future sales, AFP considers usage patterns, vendor lead-time, vendor targets, and time phased expected inventory to create a suggested purchase order.
Using this information, the user can make changes to the suggested order if necessary, and create a purchase order.
Improved Accuracy of Historical Data
Filtered Usage, Smoothed Usage, Re-directed Usage, and Collaborative Input functions accommodate for irregular activity that your normal forecasting activities are not derailed.
The twelve-month forecast is presented with drill down capabilities to allow the user to view the details of the forecast input and that calculations applied.
18 Formulas to Deliver AFP
During forecast calculation, all items are re-forecast, using each formula, in order to choose the formula that most closely matches the historical usage pattern of the item. New formulas can also be added or existing ones can be modified.
Total Access to Data
AFP is built inside Dynamics NAV and takes a unique approach of incorporating vital forecasting functions inside a single system, providing you with total access to data.