| # Function: Forecast master data This function defines the forecast master data, such as the following: Channels Forecast method Forecast parameters Scenarios. This data is required to generate a forecast and a demand plan. Process: Forecast Master Data (code: MDM00a) The objective of this process is to generate forecasts. Forecasts can be derived from budgets or statistics. You can maintain sales budgets and statistics in the sales statistics and analysis main process, after which you can define channels. Channels are used to limit consumption of the supply for particular customers. Before you generate a forecast, you can maintain a scenario. You can generate a forecast by copying a sales budget. This option is used if the forecast is related to a product market combination. Forecasts can also be derived from statistics. This option is used to generate a forecast based on delivery data. This forecast is useful if the delivery history of a plan item drives future expectations. After the forecast is generated, you can review the forecast by item or channel. Assumptions: This process is applicable to all typologies. The setup of forecasting parameters can differ for a project-related environment, for a repetitive-production environment, based on, for example, history, or based on sales-budgets prognoses. The setup of forecasting parameters can differ, for example, for a project-related environment or repetitive-production environment. However, the differences are on data level and not on process level. IT support: LN Planning |