Use IFS/Demand Plan to provide the best possible forecasts for inventory, production, and purchase planning. This is done in three steps:
Marketing and sales personnel can make adjustments based on updated Target Sales Plans or insight on campaigns and sales. Planning personnel may wish to change forecasts based on their insight, follow-up of new items with little or no historical demand, or simple forecast adjustment for items that they know have historical demand figures which do not represent what will happen in the future. Forecasting personnel may try to improve forecasts for parts that are not performing well when it comes to forecasts errors.
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As a result of this activity, changes made to any of the data elements of Demand Plan are saved at ground level in the relevant flows.
Forecast changes may be performed in a variety of ways:
All these changes may be performed for individual items or for any group of items (depending on the group setup).