New Trend Forecast Mode

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New Trend is a Forecast Mode that uses both present and future values. The calculated forecast usage is an annualized value of the data provided. Initially, it uses only 12 months of projected demand to calculate forecast usage. With each monthly periodic update (PU) the projected demand forecasted values are aged, and one less Projected Demand value is used. The expired Projected Demand value for the last month is dropped, and is replaced with the latest usage history value.

#Forecasting modes that You can use different Forecasting modes on IBM® Maximo Inventory Optimization that are accessed via the Forecast widget on the Form View.

This sequence continues with each periodic update until the preset End New Trend month setting ends. The next month's period update will change the items Forecast Mode from New Trend to Use Actuals Only. The usage periods reflect the Actuals data that was used in New Trend.

New Trend is useful for new items that don't have any usage history, and you need to predict stock levels.

Important: The default setting for End New Trend month is 6 months. The End New Trend month is recommended to be set to a time period when the item is considered to be no longer new, and historic data only can be used to optimize the item. To change this contact your IBM Consultant.

Using New trend

  1. New Trend is accessed via the Forecast widget on the Form View, for more information see Forecast Widget. To use New Trend as a Forecast, click the Settings menu and select Forecast Mode and Periods. Then, under the Forecast Mode drop down box select New Trend, and click save.
  2. You can now enter Projected Demand values manually for each period, or highlight all and then click 'Edit Selected'. You can also import Projected Demand values from a file. See Projected Demand File Import
Note: If you switch modes to 'New Trend Only' and there's more than the required 12 months worth of projected demand data, the system prompts you to either delete extra entries and use New Trend, or you can keep the extra data. However, New Trend cannot be used as an option when this data is kept.