Features and Functionality

ForecastX offers a broad range of functionality that is beneficial to users of all experience levels. For instance, a non-statistician can use the software to produce fast, accurate forecasts in the familiar environment of Microsoft Excel. At the same time, an advanced mathematician can use the Wizard to determine all the seasonal indices and smoothing parameters of a data set and take advantage of its advanced metrics and modeling.

Once your forecast is produced, ForecastX offers a broad range of reporting, analysis, and adjustment options to ensure that you and your team can build an effective demand planning process. ForecastX even offers the ability to track your forecast accuracy over time, ensuring that your process continues to grow.

Selected ForecastX Features

• Accurate one-click forecasting with the unique Procast™ method
• Intelligent Data Recognizer (IDR) that ensures correct data capture
• Data cleansing options to remove outliers, unnecessary zeroes, and other anomalies
• Over 25 statistical forecasting methods including time series, new product, event modeling, regression models, and specialized techniques
• Over 50 statistics & metrics to understand your historical & forecast data
• Hierarchy forecasting at up to 3 levels (Forecast X edition)
• 6 report types, designed to handle diverse challenges for users at all experience levels
• Analysis & adjustment tools to add business knowledge & collaborate with your team
• NEW – Forecast accuracy report to track performance to actual data (ForecastX edition)
• IMPROVED – Powerful inventory planning based on forecast & replenishment rules 
• Consensus report to use different input sources/Opinion lines that will be used or discarded in order to obtain a Final Forecast opinion line

ForecastX Customer ROI

• 5-10% fill rate improvement 
• Up to 25% inventory reduction
• Up to 30% forecast accuracy improvement
• Up to 50% increase in inventory turns
• 5-15% sales revenue increases
• 5-10% payroll savings
• Improved competitive positioning