Forecast Pro is easy but still requires training.
Forecast Pro is a statistical forecasting tool which makes forecasting a manageable and fairly accurate and predicable exercise in UK and Ireland. Forecast Pro reads the times series data then using it's expert selector it selects most appropiate forecasting methodology automatically such as exponential smoothing, holt winters. Like most software products, you do not get maximum return on the product without some training and education. Successful Forecast Pro implementations are not realised overnight as it is a iterative process which requires much understanding of the data and the best ways to resolve forecasting difficulties. Forecast Pro is sold in the UK and Ireland by MXI. We know Forecast PRO which is why we offer the MXI challenge.
Take the challenge.
With Foecasting and Forecast Pro overcoming these forecasting difficulties are best explained with some practical training. Part of the training would be to define a forecasting process for the organisation and document this so that all affected parties gain a clear understanding and appreciation of the process. Once you have this in place, the focus turns to the understanding of the data which is being forecasted and how Forecast Pro interprets this data. Forecast Pro will do all the hard work of doing the forecast for each item and then it's up to the user to iron out the data anomalies via their understanding of the model selection and search for a best fit forecast per item. There are many factors that affect forecasting like event modelling (weather, foot fall, population, sales promotions) so the understanding of the forecasting environment is key to its success.
We are MXI are accredited experts in the area of implementing Forecast Pro and have successfully helped clients to improve forecasting accuracy and supply chain. That's why we are running the Forecast Pro challenge.