Statistical forecasting allows you to accurately model your business based on past demand history, taking into account past events and future planned activities.

PeopleSoft offers a complete demand management solution comprised of PeopleSoft EnterpriseOne Demand Forecasting for statistical forecasting, and PeopleSoft EnterpriseOne Demand Consensus for web-based collaborative forecasting.

With Demand Forecasting, you are able to: Let the system automatically recommend and select the most appropriate statistical model for each of your forecasted items
Statistically develop safety stock levels and constrain your forecast based on production capabilities

Analyze different scenarios to evaluate exceptions to your sales history and plan for future events
Model large and complex forecasting structures and easily make changes to your forecast model to reflect changes in your business and product structures
Plan for new product, location, and channel introductions.

The result is an efficient and accurate statistical forecast to build your supply chain plans.