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User Guide

1. General Information

2. Starting Up

3. Connecting data

4. Demand and Sales Forecasting

5. Inventory Planning

6. Reference


6.2. Forecast Approval System

Streamline has a forecast approval system that helps you to set which forecasts have been reviewed and approved, and which need further attention. The approval system allows users to authorize or place emphasis on generated forecasts.

You can assign one of three statuses to a leaf node of the tree shown in the Tree view. They are:

Any category node (not a leaf node) of the tree has an additional Blank status. It is set by default (see figure below).

It means that there can be any mixed approval statuses under the selected category node. It is used when you need to leave all the descendent nodes’ statuses as are.

Approved Status

Approved status is typically set when the forecast for an item looks good.

To set the Approved status to an item:

  1. Select the item in the Tree View.
  2. Click on the Approve/Unapprove button or set the item approval status to Approved in the Forecasting tab (see figure below).

All of the Forecasting settings can be applied on an item, category or location level, generally, on every level of the Tree view. A green checkmark in the Tree view indicates that the Approved status has been applied (see figure below).

Besides the visual indication in the Tree view, the Approved status for an item also means that:

  • The forecasting model is locked and will not be recalculated after you click the Forecast button.
  • On hand, In transition, and Pending sales orders are locked and will not be updated in the Inventory report after you click the Update data button. Therefore, if none of the other replenishment parameters has been modified, the report will not be changed after you recalculate it by clicking the Forecast button.
  • All the settings for the node set on the Forecasting tab of the Panel are locked, that is, inherited forecasting options from the parent nodes will not be applied to this node after you click the Forecast button.
  • The Purchase order availability periods are locked, that is, the settings for this parameter will not be applied to this item after you click the Forecast button. Consequently, this allows you to set a particular set of purchase order availability periods on an item basis.

The described locking mechanism is designed to freeze the state of the final demand forecast and purchase plans for the time while different company’s departments (sales, financial, marketing, etc.) are approving them.

Needs Attention Status

If you are not sure which forecast correction to make at this time (whether it is changing the model type or any other) and have decided to make the correction later, you can set the approval status to Needs attention as a reminder. Then an attention icon is added to the node and all the nodes above it to easily spot these items if the tree is collapsed (see figure below).

This status makes only a visual effect in the Tree view, it does not put any restricts or lock the models or forecasting settings.

Undecided Status

Undecided status is the default status for a leaf node of the tree. It means that no changes have been made to the node. You can also use it at higher levels to unapprove the forecasts for all the descendant nodes. Alternatively, you can use the Approve/Unapprove button found on the List view toolbar (see figure below).

Next: Safety Stock Calculation

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forecast-approval-system.txt · Last modified: 2018/06/05 12:05 by admin