Independent ERP Consultant | ERP Technical Consultant | S-Metric
Inventory Forecasting Technology

Independent ERP Consultants Explain Why You Need Forecasting

ERPs and forecasting

If you are running your business without forecasting, it’s considered as pure sin to independent ERP consultants.
“Therefore, this is what the sovereign Lord says: Because you have spoken false words and forecast delusion, look, I’m am against you, declares the sovereign Lord” Ezek 13:8.
Your business really needs to forecast sales correctly, inventory correctly, cashflow correctly.  

Traditional method of forecasting is simply providing multiple formulas and compare history pattern and see which might fit the most.  That is considered the most advanced method back in 10 years ago before artificial intelligence is getting introduced.  An independent ERP consultants traditionally uses 100 different types of formula and try to guess which formula might fit the best from historical data.

But time is getting changed.  Artificial Intelligent is implemented, often by independent ERP consultants, and machine learning is doing all those things for you.  They try to run “deep learning” to understand how this formula might fit by using “Fit Model”.  That is how machine learning is introduced in Digital Age of ERP.

Cash forecasting is perhaps the most important part of your overall operations. With the services of an ERP expert, you can get reliable cash forecasting that helps you maintain an efficient, effective business. In many cases, this means using artificial intelligence.

Artificial intelligence is not meant to replace human, rather it replace human’s uncessary repetitive works by using machine learning.  It will help human to make intutve decision by saving repetitive works and rather focus on market trends and company objectives.

As independent ERP consultants, we recommend utilizing your modern ERP (such as Microsoft Dynamics Business Central or Acumatica) by leveraging AI-driven forecasting modules.