| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Purchase (purchase)
• Sales (sale_management) • Invoicing (account) • Discuss (mail) |
| Lines of code | 945 |
| Technical Name |
sttl_forecasting_report |
| License | LGPL-3 |
| Website | https://www.silvertouch.com |
| Versions | 13.0 14.0 15.0 16.0 17.0 |
Odoo Business Intelligence
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DISCUSSION
Features
Improved Decision Making
Sales forecasting provides insights into future sales performance, enabling businesses to make informed decisions regarding production, inventory management, resource allocation, and marketing strategies. Accurate forecasts help optimize operations and align resources effectively.
Resource Allocation
Sales forecasting assists in optimizing resource allocation by predicting sales volumes and patterns. It helps businesses determine the appropriate staffing levels, production capacity, and distribution requirements. This ensures that resources are allocated efficiently to meet customer demand while minimizing costs.
Financial Planning
Forecasting sales allows businesses to create more accurate financial plans, budgets, and projections. It helps in estimating revenue, setting sales targets, and managing cash flow. This enables businesses to make strategic financial decisions and allocate resources efficiently.
Goal Setting and Performance Evaluation
Sales forecasts serve as benchmarks for setting sales goals and targets. By comparing actual sales with forecasted figures, businesses can assess performance, identify areas of improvement, and take corrective actions. This facilitates performance evaluation, incentivizes sales teams, and drives overall sales growth.
Inventory Management
With sales forecasts, businesses can anticipate demand and plan their inventory levels accordingly. This prevents overstocking or stockouts, reducing carrying costs and the risk of lost sales. It also helps in optimizing supply chain operations and improving customer satisfaction.
Market and Competitor Analysis
Sales forecasting involves analyzing market trends, customer behavior, and competitive factors that influence sales. By studying these factors, businesses gain valuable insights into market dynamics, customer preferences, and competitor strategies. This information helps in formulating effective sales and marketing plans to stay competitive
App Preview
Video Preview
This video preview shows the basic functionality of the module.
Accessing the Menu
This is how you can see Forecasting Report in your system.
Sales/Purchase > Reporting > Forecasting Report
Filters And Grouping
The measure can also be changed to suit your needs. Additionally, you can use Filters and Group by according to the needs of your firm.
User Instructions:
You need to have python libraries statsmodel and pandas installed in your instance.
There should be at least 2 periods of data for the forecast to work.
Scheduler starting with prefix "Purchase" and "Sale" needs to be executed to forecast data initially on installation. Thereafter scheduler is executed automatically every month.
Other Apps By Silver Touch
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Our Presence
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Silver Touch Technologies Limited
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Silver Touch Technologies INC
1149 Green Street, Iselin, NJ 08830, United States of America
UK
Silver Touch Technologies UK Limited
4th Floor, Victoria House, Victoria Road, Chelmsford, Essex, United Kingdom - CM1 1JR
Canada
Silver Touch Technologies CA
55 Albert Street, Suite 100, Markham, ON, L3P 2T4, Canada
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An essential tool for strategic planning as this feature enhances our forecasting accuracy, optimizes resource allocation, and supports data-driven decision-making across departments.
User friendly and very intuitive. Useful in finding meaningful insight for your business needs.
Great app helping business making their decisions by providing sales & purchase forecasting, making almost accurate prediction for future or upcoming sells opportunities. Different types of graphs giving the views from every perspective
Great App Helps very much in business and using graphs make ease for decision making and Interface is very easy to use and learn
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