New Horizon Forecasting Platform
Use Cases and Deployment Scope
We use New Horizon Supply Chain Planning Suite for forecasting our monthly and annual volumes so we can plan for our manufacturing needs. Forecasting is done on a monthly basis which helps us to determine any sales trends that might affect our inventory levels. New Horizon Supply Chain Planning Suite helps the salespeople determine how they want to forecast and promote their products for future sales while collaborating with manufacturing to make sure we are all on the same page.
Pros
- Forecasting product sales
- Displays key data points such as historical sales and trends
- Allows control of forecasting models based on product and sales type
- Very user friendly and Excel compatible
- Interfaces with other systems well
Cons
- Would like to be able to form my own functions using information already in the system.
- When switching back and forth from worksheets and sub-worksheets you can lose your place because it does not always go back to the same place.
Return on Investment
- Helps us maintain over an 80% forecast accuracy rating with our top 20 products.
- Gives us the information needed to plan our production schedules effectively.
- Helps us plan our inventory needs to hold the correct amount of inventory as the business requires.
Alternatives Considered
Oracle JD Edwards EnterpriseOne and SAP HANA Cloud
Other Software Used
SAP HANA Cloud
