This video describes the forecasting module within the Enterprise IQ system, a tool designed to aid businesses in planning and predicting future needs. It highlights two primary types of forecasts: production forecasts, which directly impact capacity planning for machines and labor, and sales analysis forecasts, which are used for budgeting and exploring hypothetical “what-if” scenarios.
Users can generate forecasts through various methods, including manual entry, historical data, or external sources like EDI, and this data helps drive decisions related to material planning, scheduling, and ultimately, production work orders. The module provides different views of the data, showing forecasted, shipped, and on-order quantities to help users analyze their projections and make informed choices about resources.
