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title: Inventory Forecasting | ||
category: decision_support | ||
data-keywords: optimization scenario enterprise | ||
short-description: Forecast inventory levels and simulate purchasing decisions to optimize supply chain operations. | ||
order: 11.5 | ||
img: inventory_forecasting/images/thumbnail.png | ||
--- | ||
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This application is designed to help businesses forecast inventory levels and simulate | ||
purchasing decisions to optimize supply chain operations. The user can input how much demand | ||
he expects for each item, their production and delivery time, and the minimal stock he wants to | ||
have. The application will then calculate the optimal purchasing decisions to satisfy the | ||
demand. | ||
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!!! note "Taipy Enterprise edition" | ||
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Taipy provides robust, business-focused applications tailored for enterprise | ||
environments. To maintain standards of security and customization, these | ||
applications are proprietary like this application. If you're looking for solutions | ||
that are immediately deployable and customizable to your business needs, we invite | ||
you to try them out and contact us for more detailed information. | ||
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[Try it live](https://sap.taipy.cloud/){: .tp-btn target='blank' } | ||
[Contact us](https://taipy.io/book-a-call){: .tp-btn .tp-btn--accent target='blank' } | ||
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# Understanding the Application | ||
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The user can input the following parameters for each item: | ||
- Expectation Factor: how much more demand is expected compared to last month, | ||
- Production Time: how many days it takes to produce the order, | ||
- Arrival Time: how many days it takes to receive the order, | ||
- Minimal Stock: the minimum stock level to maintain. | ||
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![Data page](images/scenario.png){width=90% : .tp-image-border } | ||
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After changing the parameters, the user can start the simulation by pressing the "Submit" | ||
button at the bottom right. | ||
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The app will then show the inventory of all items, the recommended purchase orders, and the | ||
simulated inventory levels for each item in plots. | ||
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![Scenario Creation](images/visualization.png){width=90% : .tp-image-border } |
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