Responsive promotion replenishment planning
First Claim
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1. A method comprising:
- generating a first demand forecast for a set of products for a time period;
generating a first demand order based on the first demand forecast; and
adjusting the first demand forecast automatically to generate a second demand forecast for a remainder of the time period in response to received actual demand data.
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Abstract
Embodiments include a system for adjusting forecast demand data in light of actual sales of a product. The system and method may include forecasting demand for a time period then adjusting the demand forecast over that period of time based on sales feedback data. Forecasted demand may be distributed over the time period based on a distribution pattern. Demand may be adjusted if actual sales meet predetermined threshold levels or if actual sales deviate from a range of forecasted demand.
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Citations
24 Claims
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1. A method comprising:
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generating a first demand forecast for a set of products for a time period;
generating a first demand order based on the first demand forecast; and
adjusting the first demand forecast automatically to generate a second demand forecast for a remainder of the time period in response to received actual demand data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. An apparatus comprising:
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means for receiving promotion profile data;
means for generating a first demand forecast for a time period based on the promotion profile data;
means for receiving actual demand data; and
means for generating a second demand forecast for the time period utilizing the actual demand data to adjust the first demand forecast. - View Dependent Claims (11, 12)
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13. A system comprising:
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a promotion data module;
a demand forecasting module; and
one of a reactive update module and a dynamic update module to adjust demand forecasting for a time period based on received actual demand data. - View Dependent Claims (14, 15)
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16. A machine readable medium having a set of instructions stored therein which when executed cause a machine to perform a set of operations comprising:
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generating a first demand forecast for a time period for a set of products;
generating a first demand order based on the first demand forecast; and
adjusting the first demand forecast automatically to generate a second demand forecast for a remainder of the time period in response to received actual demand data. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24)
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Specification