Stock Demand Trends and Forecast

by
Odoo          
v 13.0 Third Party 3

198.00 €

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Technical name stock_qty_forecast
LicenseSee License tab
Websitehttps://odootools.com/apps/13.0/stock-demand-trends-and-forecast-450
Also available in version v 12.0 v 11.0
Required Apps Inventory (stock)
Technical name stock_qty_forecast
LicenseSee License tab
Websitehttps://odootools.com/apps/13.0/stock-demand-trends-and-forecast-450
Also available in version v 12.0 v 11.0
Required Apps Inventory (stock)

If you knew stock demand trends per warehouses, you would have a clue to decrease keeping costs and to have a flawless supply chain. Regretfully, you can't know the future. However, you can predict it with a certain reliability. This is the tool for that goal. The app let you construct stock demand per periods and forecast further demand.

When this tool should be used

  • You have enough historical stock demand data (per location or company), since it is senseless to make forecast based on last 5 days of operations.
  • Stock demand is regular and is not chaotic, meaning that your decisions do not have 100% impact and there is at least some correlation between market demand and your WMS operations.
  • You consider seasonal changes and/or trends, which you noticed but can't fully analyze. You understand which assumptions you try to check.
  • You have clear understanding how statistics works.

Stock demand forecasting interface

Demand trends and forecast are shown in comfortable manner of your choice: as an Odoo chart, as an Odoo report (pivot), as an Excel table. The latter might be also used to import data in certain statistical software.
The right for trends analysis might be granted to any WMS user, but be cautious: all stock moves of a current company will be under consideration.

Scientific approach for forecasting

Apply the statistical method which you consider as the most suitable: Autoregression, Moving Average, Autoregressive Integrated Moving average, Seasonal Autoregressive Integrated Moving Average, Simple Exponential Smoothing, Holt Winter’s Exponential Smoothing.
Forecast as many intervals as you like, but remember that prediction for the next 10 years would be hardly reliable.
Based on your historical data and applied coefficients, sometimes Odoo is not able to reveal trends and make forecasts. In that case only historical data would be shown in reports. But even historical trends might have analytical use.

Topical data under consideration

Demand trends and forecast are constructed for product templates in general (e.g. all iPads) or specific product variants (iPad 32Gb). Use the button 'Stock Trends' on a product form for that purpose. The product under analysis should be storable.
Make analysis per the whole company or per a definite location. In the latter case optionally include or exclude child locations.
Apply time frames of historical data which is used as an analytic basis. Forecast periods are ones which follow after the end of defined frame. In such a way you make check statistical reliability 'predicting' actually passed intervals.
Stock demand is calculated as all done stock moves for this period which source location is one of internal location under consideration and which destination location is not of this range.

Target your analysis by locations
Analyse stock demand per location or company
Experiment with various statistical models
Different statistical methods for forecast
Stock demand trends and forecast chart
Chart of forecasts and historical moves
Stock demand trends and forecast as an xlsx table
Excel table of stock moves per periods
Odoo pivot view of stock trends and forecast
Odoo report for stocks prediction
Stock demand forecast in a few clicks
Demand trends and forecast button
Grant the right for the forecast report
Stock demand trends and forecast security
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OdooTools is the team of developers and business analysts to help you extend Odoo potential. We have been communicating with end users to whom the software became the main business tool since 2012. As a result, we are proud of dozens of successful Odoo apps developed. We are open for new ideas and challenges to create the best Odoo tools for business needs all over the world.

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