Consolidated Forecasting

Consolidated Forecasting Method™

Data Profits’ IKIS solution will provide you with one version of the truth through a single accurate forecast, leading to a faster response to market change and better service levels. No longer will you need to create separate forecasts for events, seasonality or market trends.

We forecast that you will like the new features we are going to bring you. You’ll have one place to load all your information, one place to analyze the result, one place to get the final answer. Know exactly how many units you need to buy.

The iKIS Consolidated Forecasting Method utilizes a base forecast, seasonal impacts, short or long-term trends, and events (promo or otherwise) to determine a single consolidated forecast for your product.

Consolidated Forecasting FAQs

Following are a few questions and answers about consolidated forecasting. Have any other questions?

Consolidated forecasting is a process or method that uses all of the sales history, past merchant plan, and future merchant plan. We combine all the data to provide one forecast, a single version of the truth.

Many systems like JDA-E3, Slim, AWR and others forecast for basics, using regular sales; the closeout, promotional and other sales are not utilized in the creation of a forecast.

For the buyer, the result is one number of units to purchase and manage. Also, consolidated forecasting processes can be used to forecast any group of products: fashion, basics, grocery, all the above.

Additional value can be harvested from the forecast. A base forecast, the seasonal multiplier value, customer response to an ad or promotion can all be reviewed and used for future events when consolidated forecasting methods are in place like the tools in Data Profits iKIS service.