New Horizon Forecasting Platform
Rating: 10 out of 10
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.
Likelihood to Recommend
New Horizon Supply Chain Planning Suite is a very user-friendly system which gives you the latitude to change your forecasting models based on the product and sales trends. It is also very easy to export and import data to transfer information to and from Excel files as it uses an Excel like platform. Therefore, it gives you the control to be able to control your forecast where needed due to sales promotions or loss of sales distribution.
BK
Bill Kaley
Director of Demand Planning in Corporate at Faribault Foods (201-500 employees)
Vetted Review
4 years of experience