There are several reasons why you may need to purchase a Sales Forecast Spreadsheet. The first reason is that a Forecast Spreadsheet can be a great supplement to your on-going inventory management efforts. Another reason is that it can help you determine which forecasting methods are best for your business in order to create more accurate forecasts. The third reason is that you may be looking to get started on your own charting efforts by purchasing a Sales Forecast Spreadsheet.
When you are thinking about purchasing a Sales Forecast Spreadsheet you want to make sure that you find one that offers you all of the same features that you will be expecting from an on-going component of your inventory-management plan. Here are a few things to look for. Some of these features include:
- Statistical accuracy.
Many of the systems that are available today are quite capable of providing your business with a solid and statistically accurate forecast. But, because of the way they work and because they often involve the use of multiple models and time frames you will also want to be sure that you know how to interpret the figures generated by the model.
- Fast response.
Since these Forecast Spreadsheets is created by complex mathematical models, they tend to respond quickly and accurately in the case of a customer request or product purchase. They will also quickly process changes in financial information such as those resulting from tax season.
- Format flexibility.
Some of the more expensive packages offer you a great deal of flexibility in the way you customize the information that is presented on the chart. These packages can also be easily configured to allow for easy conversion to Excel, MS Excel, or QuickBooks formats.
- .xls compatibility.
Because some of the more advanced components include parts that require a Microsoft Office compatible application (such as Access or Excel) to be run, some of the more sophisticated models will have this requirement included. Of course, many of the older products will work with any compatible program.
- Time frame accuracy.
You will want to ensure that the data that is generated for the model is consistent throughout the various time frames for which it is used. This is because a good Forecast Spreadsheet will take into account real world data such as changing product demand and a business’ retail channel to create accurate forecasts for all of the various time frames that are most important to the business.
- Time frame accuracy.
With the right Forecast Spreadsheet example you can simply plug in data and get an accurate forecast for any of the time frames you want. This is because many of the features that make the system such a good fit for any of the different time frames involved with your current inventory management plans are all designed to work together.