What exactly is purchase forecasts?
To explain exactly what a purchase forecast is and how it affects your business, you will be helped by a characteristic example. As part of your business activities, you can order a particular raw material from a particular supplier. In your conduct against the same doubt, you are periodically encountering significant delays in the delivery time, in a way that significantly harms your ability to complete the production and marketing process for stores. All you know is that it happens periodically, but if your entire procurement activity in front of that provider was documented in a dedicated computer system, you could find it always happens that time of year. Now that you have found the systematic, you can make the reservation from the same provider while before it reaches the same period of the year. Another example comes from the demand – through software that has acquired purchase forecasts, you can understand that in February, May, October and December, the demand for your particular product will come to a climax. Depending on this information, the system builds an automatic purchase forecast for you and allows you to order all the inputs you need to meet the demand effectively, even before it occurs.
Purchase forecasts are in fact a logistical management tool that allows you to predict the market conditions on the side of the supply or from demand, and accordingly build your procurement program for components, raw materials and inputs so that you can always produce the required supply to provide a full response to the market’s demand. These forecasts can be performed, barely, manually for a small business, but when the company is a manufacturer with a complex supply chain, only a computerized system can provide you with the data and the analysis capabilities required to produce effective purchasing forecasts.
On the Reissner Logistics website you can find more information about the subject of purchase forecasts and the systems that are based on them. You are also welcome to contact us on phone 08-6216601 for further professional information in the first person.