MRP Recalc Forecast - Drive Efficiency With Predictive Analysis and Planning

MRP Recalc Forecast Overview

Material Requirements Planning (MRP) is a strategic supply planning method designed to help businesses, particularly those in manufacturing, understand their inventory needs while maintaining a balance between supply and demand. MRP systems are utilised by organisations to manage inventory effectively, schedule production, and ensure the timely and cost-effective delivery of finished goods.

The primary purpose of the MRP Recalc Forecast tool is to overwrite existing forecasts based on historical usage data. By administering and utilising a forecast with your Sapphire MRP, you create a dynamic link with predictive analysis and planning. This tool balances supply and demand, providing SapphireOne users with a specific supply forecast to cater to or budget for future demand.

Forecasting inherently involves predicting future supply, which can sometimes be inaccurate due to various factors. These inaccuracies are commonly referred to as errors, instability, or signal distortion in MRP forecasting. The SapphireOne user can rebalance and redistribute any inaccuracies in the Sapphire MRP tool for up to 2.5 years into the future, while analysing up to 4 years of historical data. The MRP Recalc Forecast tool allows continuous rebalancing in a changing plan and world.

Procedure for Using the MRP Recalc Forecast Tool

This tool is available in both Inventory and Inventory Locations. If executed on a Base Inventory Inquiry, the forecast will be applied to all Inventory Locations.

1. Navigate to Inventory > Inventory > Inventory or Inventory > Inventory > Inventory Location.
2. Select the items that need the recalculation procedure executed upon them. 

3. Navigate to Tools > MRP > Recalc Forecast to initiate recalculation. The Sapphire tool will display an alert to verify that the Recalculation of the current forecast is to be updated on the selected inventory records.
4. Once the procedure is completed, SapphireOne will re-display the list of inventory items, now filtered to only the items selected above. 

By following these steps, you can ensure that your inventory levels are accurately forecasted and maintained, allowing for efficient and effective inventory management.