# odoo

# Odoo Business Intelligence

Forecast Report on sale and purchase based on past data

Demo Available 30 Days Support
Odoo Community
Odoo Enterprise
Odoo.SH

## CONSULT OUR EXPERTS

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### Features

##### Improved Decision Making

Sales forecasting provides insights into future sales performance, enabling businesses to make informed decisions regarding production, inventory management, resource allocation, and marketing strategies. Accurate forecasts help optimize operations and align resources effectively.

##### Resource Allocation

Sales forecasting assists in optimizing resource allocation by predicting sales volumes and patterns. It helps businesses determine the appropriate staffing levels, production capacity, and distribution requirements. This ensures that resources are allocated efficiently to meet customer demand while minimizing costs.

##### Financial Planning

Forecasting sales allows businesses to create more accurate financial plans, budgets, and projections. It helps in estimating revenue, setting sales targets, and managing cash flow. This enables businesses to make strategic financial decisions and allocate resources efficiently.

##### Goal Setting and Performance Evaluation

Sales forecasts serve as benchmarks for setting sales goals and targets. By comparing actual sales with forecasted figures, businesses can assess performance, identify areas of improvement, and take corrective actions. This facilitates performance evaluation, incentivizes sales teams, and drives overall sales growth.

##### Inventory Management

With sales forecasts, businesses can anticipate demand and plan their inventory levels accordingly. This prevents overstocking or stockouts, reducing carrying costs and the risk of lost sales. It also helps in optimizing supply chain operations and improving customer satisfaction.

##### Market and Competitor Analysis

Sales forecasting involves analyzing market trends, customer behavior, and competitive factors that influence sales. By studying these factors, businesses gain valuable insights into market dynamics, customer preferences, and competitor strategies. This information helps in formulating effective sales and marketing plans to stay competitive

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For any queries : www.silvertouch.com/contact

### App Preview

### Video Preview

This video preview shows the basic functionality of the module.

### Accessing the Menu

This is how you can see Forecasting Report in your system.
Sales/Purchase > Reporting > Forecasting Report

## Filters And Grouping

The measure can also be changed to suit your needs. Additionally, you can use Filters and Group by according to the needs of your firm.

User Instructions:

You need to have python libraries statsmodel and pandas installed in your instance.

There should be at least 2 periods of data for the forecast to work.

Scheduler starting with prefix "Purchase" and "Sale" needs to be executed to forecast data initially on installation. Thereafter scheduler is executed automatically every month.

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### Our Expertise

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### Industries

Industries we grow

Tech Solutions for Industries to improve the way they operate.

Every industry has special needs and all those special needs ask for a special solution. At Silvertouch we offer solutions that are especially built to aid special characteristics of that specific industry.

### Our Presence

India

Silver Touch Technologies Limited

2nd Floor, Saffron Tower, Opp. Central Mall, Panchvati Cross Road, Ahmedabad - 380006 Gujarat, India

+91 79-4002-2770/1/2/3/4
info@silvertouch.com
https://www.silvertouch.com/

USA

Silver Touch Technologies INC

1149 Green Street, Iselin, NJ 08830, United States of America

+1 (201) 331-9818
info@silvertouch.com
https://www.silvertouchinc.com/

UK

Silver Touch Technologies UK Limited

4th Floor, Victoria House, Victoria Road, Chelmsford, Essex, United Kingdom - CM1 1JR

+44 203-872-5140
info@silvertouchtech.co.uk
https://www.silvertouchtech.co.uk/

Canada

Silver Touch Technologies CA

55 Albert Street, Suite 100, Markham, ON, L3P 2T4, Canada

+1 (647) 829-2482
info@silvertouch.ca
https://www.silvertouch.ca/