Demand Forecast Integration with Production
Demand Forecast Integration in PrismERP links sales forecasts or market-driven demand projections directly with production planning. This feature allows businesses to proactively align their manufacturing schedules and material procurement with anticipated customer needs—minimizing stockouts, overproduction, and idle resources.
Key Features
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Sales & Historical Data-Driven Forecasts Generate forecasts based on past sales trends, seasonal data, or external input.
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MRP Integration Forecasts feed directly into the Material Requirements Planning (MRP) engine to drive raw material and capacity planning.
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Production Plan Automation Auto-generate planned production orders based on forecasted demand.
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Multi-Level Forecasting Configure demand by item, category, customer group, or region.
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Period-Based Forecasting Define forecasts by week, month, or quarter.
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Forecast vs. Actual Tracking Compare forecasts against actual consumption/sales for variance analysis.
Key Benefits
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Improved Planning Accuracy Align production volumes with projected market needs.
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Reduced Inventory Holding Costs Minimize excess stock by producing just enough to meet demand.
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Faster Response to Market Changes Adjust forecasts regularly and update production plans accordingly.
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Enhanced Supplier Coordination Share forecast-based procurement plans with suppliers to avoid delays.
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Improved Customer Service Levels Ensure product availability based on demand signals.
Usage Guide in PrismERP
Input Demand Forecast
Navigate to Demand Forecast Entry Enter forecast quantities by item, branch, period, and expected delivery date.
Approve Forecast Plan
Route the forecast through an approval workflow (optional). Use Forecast Approval List to monitor pending approvals.
Integrate with MRP
Go to Forecast Integration Select forecast batch and generate MRP based on forecasted demand.
Review MRP Output
Analyze suggested purchase orders and planned production orders. Modify or approve these from the MRP review dashboard.
Generate Production Plan
Navigate to Production Planning Use forecast as demand input and generate production orders.
Monitor Execution
Use Production Dashboard to track progress, material issues, and any deviations from forecast.