As we begin the New Year, it’s a good time for a fresh look on JD Edwards Forecast Management.
Effective management of distribution and manufacturing activities begins with understanding and anticipating market needs. Forecasting is the process of projecting past sales demand into the future. Implementing a forecasting system allows you to quickly assess current market trends and sales so that you can make informed decisions about your operations.
Corning Data has helped many clients achieve their forecasting goals by implementing and structuring forecasting within their JD Edwards environment. One client actually improved their customer order fill rates from 73% to 94% by leveraging the tools already available to them in JD Edwards.
JD Edwards uses several data points for forecasts to make planning decisions about:
- Customer orders
- Inventory
- Delivery of goods
- Workload
- Capacity requirements
- Warehouse space
- Labor
- Equipment
- Budgets
- Development of new products
- Work force requirements
The Forecasting system supports several forecasting types such as: Detail forecasts, Summary forecasts and Planning bill forecasts
You can use the Forecasting system to:
- Generate forecasts
- Enter forecasts manually
- Maintain both manually entered forecasts and forecasts generated by the system
- Create unique forecasts by large customer
- Summarize sales order history data in weekly or monthly time periods
Begin the New Year by reviewing how your business manages forecasting. Contact Corning Data at 800-455-5996 or info@corningdata.com to find out how you can better leverage JD Edwards Forecast Management.
