Sales Forecasting Software
Sales Forecasting Software
What is a Sales Forecast?
Avercast sales forecasting software use advanced algorithms to produce a reliable and accurate sales forecast.
sales for you.
Features of Avercast's Sales Forecasting Software
Precise sales forecast
An accurate sales forecast is a critical necessity of the business that uses sales forecasting solutions. With Avercast’s Sales Forecasting Software, you get the most accurate predictions. The software encloses more than 250 advanced statistical algorithms and numerous Sales Forecasting Tools assisting the sales team globally in predicting precisely and making Avercast one of the best Sales forecasting software.
Automatic data extraction
Even if you have 1000 algorithms, it is useless unless you have the data. That’s why integrating software with your data warehouse and extracting data automatically is crucial. Fortunately for you, our Sales Forecasting Software integrates seamlessly with any system and pulls out data independently.
Integration of outsourced & past sales data
Your outlet or website is not the only touch point between you and your consumers. Thus, collecting customer data along with integrating past sales data and current seasonality trends helps you forecast better. Our Sales Forecasting Tools use every data point and seasonal trend to predict your future sales accurately.
Supervise progress against your goals
It is critical to keep periodically analyzing your progress and comparing it with your target. Our Sales Forecasting Software lets you fetch your sales data and compare it against your targeted goal. The continuous analysis reflects your current performance, what is going right, and where you need improvement.
Create revenue forecasts
As per industry experts, your Sales Forecasting Software should enable you to project your revenues. Does our software allow you to do that? Yes, absolutely! By combining the current sales price with historical data, you can predict it for the same period. The projected revenue would align with your demand forecast.
Generate customized reports
Our sales forecasting solutions allow you to create various reports per your need. The reports, like sales forecasts or projected revenue, etc., are generated with the help of Sales Forecasting Tools. You can use the tools to put across the reports visually (e.g., pie charts, graphs, etc.), helping others to understand.
Does your business needs Sales Forecasting?
company’s profitability.
How to make your
Sales Forecasting successful?
accurate forecasts.
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Collaborate with your sales professionals
Here is your remedy if you do not want to rely too much on advanced algorithm-generated forecasts. Avercast’s sales forecasting software allows you to generate sales Forecasting with regular feedback from your sales personnel. This feedback comes based on the trends currently ongoing in the market. Thus, in the entirety, this will increase the accuracy of your predictions.
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Allows to adjust forecast at any level
Apart from getting the credentials to make the changes in the forecasts, every sales personnel can recommend changes and forecast at any level of the hierarchy. After taking your recommendations, the forecast changes and then goes back to the demand planner for review.
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Real-time adjustments to avoid the dilemma
All the updates and adjustments are made in real-time, i.e., notifications are issued for everyone once the adjustments are made. This is done to ensure that everything is clear when it comes to accessing or comprehending the sales forecast, which is of utmost importance.
Benefits of Avercast's Sales Forecasting Software
Impeccable sales planning
Sales forecasting combines marketing matrix, analytics, and sales goals. Thus, to achieve your projected numbers, you need a definite plan. With unbeatable Sales Forecasting Accuracy, Avercast’s Forecasting Software let you make an effective sales plan.
Define realistic goals
The primary use of Sales Forecasting Software is to define goals. Targets based on logic, past data, historical trends, current seasonal patterns, and achievable goals. Setting unrealistic goals is not just harmful to you but to your whole company
Identify and eliminate bottlenecks
Sales is a long process, starting from Demand Forecasting to raw materials to delivery. Therefore, eliminating as many error-causing issues as possible is advisable. Avercast’s Sales Forecasting Process enables you to identify any worries and eliminate them.
Preserve your time
Whether it is feeding data or making reports, manual work takes time. It is less efficient and inaccurate. Use Avercast’s Sales Forecasting Software instead. With immaculate Sales Forecasting Accuracy, it saves you time and avoids stockout or overstock situations.
Enhances budgeting
Based on the sales forecast, the financial team will then be able to predict profit plans, and income flows. Thus, the more accurate your sales forecasting is, the merrier your budget will be. Never shy out of using the best Sales Forecasting Software.
Plan resources effectively
Once you have the sales target, you can plan your resources to accomplish it. Similarly, different departments use sales forecasting to plan their resources differently. E.g., production uses it to plan production schedules; marketing uses it to allocate resources in various marketing campaigns, etc.
Why choose Avercast’s
Sales Forecasting Software?
Avercast’s Sales Forecasting Software is one of the best solution for resilient forecasting with decades of experience to ensures accurate forecasting at every step. It lets you determine precise sales forecasts for up to 5 years in the future. The tailor-made forecasting ensures that you can choose the solutions as per your requirements. Our team of supply chain experts are always ready to help you get the results you desire. With custom forecasting, you can choose the right algorithms for your business, ensuring accurate forecasting, every time.
Sectors leveraging
Sales Forecasting software
Business Forecasting Software.
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Production and Manufacturing
Your production team needs to know the number of products they need to manufacture. And Sales Forecasting helps you in identifying that. The precision of forecasting is paramount as you do not want to produce more and then increase expenses by storing them. .
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Logistics
You need to devise a delivery plan once you know where to deliver the product. Sales Forecasting Software enables managers to plan deliveries before, which reduces stockouts. It also tells you when to purchase materials and bring them in, so your manufacturing does not suffer.
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Retail
The software helps you decide the targets for your various sales channels. Businesses often project how much retail outlets and vendors can sell. Sales Forecasting Software assists you in the projection. Retailers and vendors use the sales forecasts to devise a plan for higher sales and growth.
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Finance
You need money for all your day-to-day operations like marketing campaigns, deliveries, and more. The software assists finance people in knowing answers to a few questions, like when revenue will start to flow into the system, when will you be able to reach the break-even point, etc.
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Frequently Asked Questions
Sales Forecast amalgamates science, advanced technologies, and art. After utilizing previous sales history, current trends, and seasonal factors, a prediction about sales for the upcoming period (a month, a quarter, or a year) is made.
- Qualitative Techniques: This forecasting technique is based on experts’ and customers’ thoughts, opinions, and judgments. This is a subjective technique and is used mainly for making low-level decisions.
- Quantitative Techniques: Various mathematical models are used to make highly logical and informed forecasts. This technique uses past numerical values.
- Time Series Models: The model uses historical data to identify patterns, and then based on those patterns, it determines future needs. The two models that assist you with forecasting are the straight-line method and the moving average method.
- Know what you are selling and your desired outcome: It seems hysterical to mention you should know what you want to sell; obviously, you know. However, you should know which items you are already selling, which products you are shutting off, and so on. Also, it is essential to understand your desires regarding units sold, revenue generated, and expenses incurred.
- Select a Forecasting Method: Once you know what you are selling and how much you desire to sell, the next thing is to determine which forecasting method to use. Along with techniques, you also need to select the period, i.e., for how many years, months, or quarters you want to forecast.
- Never leave costs out of sight: Once you know what you are selling, how much you will sell, and at what price, you tend to start sketching your profits. One thing you never forget is mentioning your costs or expenses incurred to sell that product (e.g., advertising, marketing, delivery, etc.)
- Analyze, Analyze and Analyze: Once you have completed setting up the forecasting pipeline, the final thing you need to do is analyze. You need to keep supervising your forecasted numbers, whether you are on track or not, where you need to improve, etc.