Monthly Statistical Forecasting App to upload customized product & location hierarchies & historical data to generate forecasts using 30 statistical algorithms.
Anaplan's Generic Monthly Statistical Forecasting App for multiple use cases allows you to upload a customized product and location hierarchies from flat CSV files, load historical data, and generate forecasts using various statistical algorithms. The app includes 30 of these algorithms across 4 different overarching forecasting methods: Basic and Intermittent Demand, Curve Fit, Smoothing, and Seasonal Smoothing.
Not only does this model generate statistical forecasts based on historical data but it also analyzes which algorithm would best fit that data. This approach provides you with a suggestion of which method may be the most accurate to use for future periods.
Product Hierarchy Management
Upload product data using a downloadable template and also map the uploaded data into the product hierarchy.
Customer List Management
Upload and manage a list of customers using a downloadable CSV template.
Historical Data Upload
Upload historical data for each item to be forecasted from your hierarchy also with the help of a downloadable template.
Flat List Management
Flexibility to set up top x Product/Customer combinations and complete CoV analysis if forecasting at multiple levels or import data as flat list otherwise.
Validate all master data elements needed by viewing potential data errors and set up default forecast settings
Automated Outlier Correction based on user defined parameters such as standard deviation or the Inter-Quartile Range (IQR) either for all items or for a single item.
Manual Outlier Correction by making manual adjustments to history.
Product Lifecycle Management
Slow Moving Product - identification and forecast set up by setting up zero period threshold and choose to use Croston's method for forecasting.
End of Life - identify trending % threshold to get End of Product suggestions and setup EOL profile to phase products out.
New Product Introduction - Use life profiling to generate future forecast for new items that do not have sales history.
Alternate Product History Setup
Set up similar product history or string history together for up to 3 products and apply to a selected product.
Override History Start Date
Ability to set up periods to be counted as history/forecast for each product.
Best Fit Statistical Forecasting
30 different statistical algorithms overarching 4 different types of methods - Curve Fit, Smoothing, Seasonal Smoothing , Basic and Intermittent Demand Methods.
Ability to review forecast settings, provide manual forecast input if and where necessary and make forecast adjustments with a comprehensive view of descriptive statistics.
Forecast Algorithm Analysis
Forecast Accuracy analysis using MAPE , RMSE, MAD and Bias% of each of the 29 forecasting algorithms at different levels of forecast.
Ability to review the descriptive statistics for both Updated History and Adjusted History to make forecasting decisions.