Forecasting Tools you use?

Forecasting Tools you use?

  • High end APS

    Votes: 0 0.0%
  • High end S&OP system

    Votes: 0 0.0%
  • High end forecasting system (over US$50k)

    Votes: 2 11.8%
  • Mid range forcasting system (under US$ 50k)

    Votes: 1 5.9%
  • Cheapie system (under US$ 20k)

    Votes: 1 5.9%
  • In house developed system

    Votes: 5 29.4%
  • Part of ERP functionality

    Votes: 0 0.0%
  • Spreadsheets

    Votes: 9 52.9%
  • Other?

    Votes: 0 0.0%
  • Whitebaord!

    Votes: 0 0.0%

  • Total voters
    17

Loggie

New member
Lots of companies use really smart forecasting tools costing $00,000's. What does your company use? You can have multiple choices on this poll.
 
Last edited:
Re: Forecasting Tools you use?

Has anyone had any experience with Forecast Pro ? I have read a bit about it and seems to have a good following? anyone used it?
 

Loggie

New member
Re: Forecasting Tools you use?

Supply Chain Novice said:
Has anyone had any experience with Forecast Pro ? I have read a bit about it and seems to have a good following? anyone used it?
Have not come across that forecasting package. What sort of price range is it? Hard to find packages at the lower price end.
 

TopLink

Forum Founder
Staff member
Re: Forecasting Tools you use?

Looks like the spreadsheets are winning!
There are certainly a lot of different approaches out there to forecasting, and all of them I am sure work to varying degrees. IMHO it comes down to how complex your business is, and how much automation is required. For example if you have 20,000 SKUs and highly variable demand, there is no way that you could do it on a spreadsheet. But for a few hundred SKUs and demand that is not too lumpy, then maybe it will work OK.
 

Lani

New member
Re: Forecasting Tools you use?

We use SAP APO - which has been in for about six months - it is a massive improvement on sales guys spreadsheets from a consistency, accuracy and accountability perspective.

There were big $$ attached to it - but it is paying out benefits in inventory and coordination.
 

TopLink

Forum Founder
Staff member
Re: Forecasting Tools you use?

We use SAP APO - which has been in for about six months - it is a massive improvement on sales guys spreadsheets from a consistency, accuracy and accountability perspective.

There were big $$ attached to it - but it is paying out benefits in inventory and coordination.

What do you think the payback period is likey to be? Doesn't APO cost about $750 k installed.
 

Lani

New member
Re: Forecasting Tools you use?

What do you think the payback period is likey to be? Doesn't APO cost about $750 k installed.
Payback is about 1.5yrs - was installed to deal with some specific costly issues. An increase in accuracy of 1-2% easily payed it back.
 

Loggie

New member
Re: Forecasting Tools you use?

Payback is about 1.5yrs - was installed to deal with some specific costly issues. An increase in accuracy of 1-2% easily payed it back.

That sounds fairly good for quite an expensive system.
 

Lani

New member
Re: Forecasting Tools you use?

So far so good - but the system does require a lot of system and people overhead - we have two full time people maintaining, trouble shooting and mothering the system.

But as I said, it has improved heaps over the spreadsheets.
 

Rob O'Byrne

Site Owner & Gold Sponsor
Re: Forecasting Tools you use?

I have seen some really.....I mean really large... businesses use spreadsheets for forecasting. Quite scary at times! They seem to be in the minority these days though.

But like you say Lani, the more sophisticated systems do take a bit of resource to use and maintain. But if the payback is there, which it generally is in a large business, its quite easy to justify.
 
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