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FMS is a powerful forecasting system that allows users to predict future orders and budgets as well as measure forecast accuracy, ensuring that the correct products and quantities are available to meet sales demand. Adequate production or purchasing can then be scheduled, leading to a reduction in out-of-stocks as well as lower costs to the customer. This also helps you avoid excess inventory, causing less product spoilage, warehouse breakage and inventory holding cost.
FMS provides a wide variety of statistical forecast methods, and is tightly integrated with the Order Management module.
Key features of the FMS module include:
- Multiple levels of forecasting - SKU, SKU group, region
- Planning for multiple ranges of time (week, month, quarter, year, etc.)
- Multiple statistical methods - regression, smoothing and seasonal smoothing
- Import & export of forecast data from external sources
- Roll-forward forecast data
- Forecast vs. actual analysis
- Comparison analysis
- Month-end processing to freeze forecast data
- Graphical & textual representation through visual tools
- Extensive reporting
- Real-time integration with other SCflex modules
- User/group-level security
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