Forecast NOW!, by its name, is an best inventory management system that forecasts demand for your inventory operations. By this, we mean, that it helps in reducing overstocks, eliminate stock-outs, and maintain an optimal level of inventory in your warehouses and POS (Point of Sale).
Features of Forecast Now Intelligent Inventory System
Following features makes Forecast NOW! The Best Inventory Management System:
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Analytics:
- Provides transparency of the supply chain
- Has the ability to identify bottlenecks and optimize processes.
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Strategic Procurement Planning:
- Manufacturers are able to plan production over a long time horizon.
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Forecasting and Auto order:
- Shows accurate orders and planning of shipments
- Reduces out-of-stocks and lost sales
- Up to 30% inventory optimization
- 9x reduction in labor required for calculations
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Inventory Rebalancing:
- Reduces time and resources for inventory allocation
- Increases inventory profitability
- Reduces production downtime and stockouts caused by delivery delays.
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Predicting Promo Effects:
- Dealers and manufacturers can accurately calculate promotion stocks.
Industry Wise Clients of Forecast NOW! Inventory System
Department – Wise Problem Solver
The best inventory management system, Forecast NOW!, solves department wise problems of each Retailer, Distributor, or a Manufacture. For:
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Sales Department:
The system creates a sales plan and helps promote sales through
- Assessing stocks on hand and planned purchases
- Will calculate the risk of stock-outs or overstock so that orders can be adjusted accordingly.
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Warehouse logistics department:
- The system will distribute and rebalance stocks for internal transfers.
- Review turnovers by the warehouse in numbers
- Identify overstock.
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Finance department
- The system assessed planned sales, returns on inventory, and delays will add the cost of money and inventory carrying and storage costs.
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Procurement Department
- The system will automatically generate a purchase order based on calculation
- Offer substitute goods, and select the best supplier based on price lists and shipping terms
- Category managers can use an analytical unit with prepared scenarios for real time goods management.
Comparison Between Brands
Compared with other brands of the Inventory Management System, Forecast NOW! Is ranked as the best inventory management system because of its low implementation complexity and high efficiency.
Rockford Computer provides you with the best solution for all your inventory needs. For pricing and other details, don’t hesitate to call us and have a chat anytime. Rockford Computer always play a vital role in helping out their customers to get the best ERP Software in UAE.
