MB-335 · Question #256
You are configuring forecasting and planning processes in Dynamics 365 Supply Chain Management for a distribution company. The company requires the following functionality: - Improve forecast…
The correct answer is D. Use the Demand forecasting worksheet to generate statistical baseline forecasts. Using the Demand forecasting worksheet to generate a statistical baseline forecast in Dynamics 365 Supply Chain Management creates planning data that aims to align with actual sales trends by utilizing historical data and statistical models to predict future demand. This…
Question
You are configuring forecasting and planning processes in Dynamics 365 Supply Chain Management for a distribution company. The company requires the following functionality:
- Improve forecast accuracy by using historical demand.
- Create planning data that aligns with actual sales trends.
- Automate forecast generation as part of the sales and operations
planning (S&OP) process. You need to configure the forecasting setup to support demand-driven planning. What should you do?
Options
- AAssign forecasts only at the item coverage level to drive supply.
- BDefine forecast models directly within the Master planning module.
- CEnable real-time forecast adjustments by using a kanban rule.
- DUse the Demand forecasting worksheet to generate statistical baseline forecasts.
How the community answered
(31 responses)- A13% (4)
- B3% (1)
- C6% (2)
- D77% (24)
Explanation
Using the Demand forecasting worksheet to generate a statistical baseline forecast in Dynamics 365 Supply Chain Management * creates planning data that aims to align with actual sales trends by utilizing historical data and statistical models to predict future demand. This process allows businesses to generate forecasts that reflect past patterns, which can then be adjusted to account for future market changes. * automates forecast generation, allowing for the creation of a data-driven forecast to be used in the broader sales and operations planning (S&OP) process. This process uses historical demand data and statistical models like time series analysis to predict future demand, providing a standardized starting point for S&OP discussions. [Requirement 3] Using the Demand forecasting worksheet in Dynamics 365 Supply Chain Management benefits businesses by providing AI-powered baseline forecasts from historical data [Requirement 1], enabling optimized inventory, reducing stockouts and overstocking, enhancing operational efficiency, improving collaboration, and providing a strategic advantage through data-driven planning. The system automatically generates these forecasts using Azure Machine Learning, allowing business users to easily visualize trends, adjust figures with their own expertise, and collaborate with stakeholders to create accurate and actionable plans. https://learn.microsoft.com/en-us/dynamics365/supply-chain/master-planning/generate-statistical- baseline-forecast
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