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Prophet Forecasting

Function:: Demand planning for business - not statisticians!
Autor:: Mental Desk
Updated on:: 2014-02-26
Languages:
Price:: Monthly plans start at $14, depending on the number of product SKUs that you mange
Site:: Show application's site

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A simple demand planning and inventory optimization application.
Prophet uses sales history to predict future demand for a company's products. These forecasts can then be manually adjusted and combined with stock-on-hand data, supplier lead times and target service levels to create detailed recommendations for stock that should be purchased (to avoid stock outs)promoted (when inventory levels are running too high).

Key Product Features:

Hierarchical forecasts
Manually adjust forecasts (automatically reconciled across the hierarchy)
ABC classification to specify service levels (the probability that a product won’t stock out)
Plan stock purchases to avoid stocking out of key products
Identify products that are over stocked to plan potential promotions
Forecasts are run in the cloud on Amazon's EC2 cloud computing platform

Prophet Forecasting

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