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18 Appendix: Forecast Approval Exceptions
This appendix provides the details on approval and navigation exceptions available for the approval process in AIF forecasting.
The exception management framework works on several levels. First, the user refines the approval and navigation rules.
The forecast approval method is one of the following options:
- Manual
The system-generated forecast is not automatically approved. Forecast values must be manually approved by accessing and possibly amending values in the Forecast Review workspace.
- Automatic
The system-generated forecast is automatically approved as is.
- By exception
This list contains the exceptions that were configured for use in the forecast approval process. They should match the dashboard exceptions and workspace alerts.
The unapproved Product/Locations are then assigned in order of priority to one of the following buckets:
-
Urgent
-
Required
-
Optional
-
Informational
Both the approval and navigation features can be configured to fit retailers’ needs. Then, the batch is run and the approval and navigation exceptions are worked out. Now it is time to review them and take actions in the Forecast Review workspace.
The following sections detail the GA approval alerts calculations.
Forecast versus Recent Sales Alert Expression
Usually it is not expected that demand values differ very much period to period. This also implies that the forecast magnitude generally is in line with the magnitude of the most recent sales. There are cases when this is not the case. For instance when an item enters a season, the forecast is probably higher than the sales in periods leading to the season. Or when an item is towards the end of the season, the forecast will be lower than sales in peak periods. For these cases, the user can be alerted to review the forecast, rather than auto approving it.
The following is the alert expression:
Adjusted Peak > Max Sales History * Causal Peak Factor
In this guide
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