Create Forecast Family
The purpose of this procedure is to create and update forecast families. These are used to facilitate manual forecasting by limiting the scope of a forecast to families of products.
Forecasts for specific item/warehouses are obtained by exploding the forecasts for its forecast family. A forecast family can be exploded through the family structure.
Follow these steps
Follow the steps below to create and update a forecast family.
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Select ‘Forecast Family. Open’ (FCS400), panel B.
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Enter an identity for the new forecast family
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Enter the name of the forecast family on the E panel.
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Specify how many decimal places are to be used in connection with processing quantities.
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Specify which unit to use when forecasting the forecast family.
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Specify whether if should be permitted to distribute forecast families among different warehouses.
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Specify whether normalization should be used when distributing forecast families. The normalizing factor should be used for re-calculations when the forecast family contains items with varying basic units of measure, e.g. varying package size.