Classifications
How to Define and View Classifications?
Step 1: Define Classification
· The user can classify the products into certain groups.
· Classifications have to be defined in Classification Master before selecting in the Forecast Plan screen.
· Go to Menu bar --> Forecast --> Masters --> Classification.
Class Id | Class identifier. |
---|---|
Class Description | Class description which will be displayed on the screen. |
Class Type | Type of classification that needs to be calculated. |
Unit of Measure | Unit of measure that needs to be used for this classification. |
Period of Sales | Period of history that needs to be considered for calculation. |
Period of Forecast | Period of forecast that needs to be considered for calculation. |
· Click on Add icon to define a new classification.
· User can define multiple classifications and save them.
· Once the Class Id is defined, the user has to assign values for the selected Class Id.
· Cutoff percentage for each of the classifications is defined here.
· To define classification details, click the right Class Id and select Classification Detail.
ABC India Quality
· In this Class Id products are classified based on the Cumulative Percentages.
· The cut-off will be a Cumulative Percentage. For Example,
· Products with a Cumulative Percentage below 60 will be classified under Group A.
· Products with a Cumulative Percentage between 60 – 80 will be Classified under Group B.
XYZ India Quantity
· In this Class Id products are classified based on the Quantity (Zero Count).
· The cut-off will be Quantity (Zero Count). For Example,
· Products with Quantity (Zero Count) 1 or below 1, will be classified under Group X.
· Products with Quantity (Zero Count) between 1 – 5 will be classified under Group Y.
· Once the Classification is defined, the user can check the classifications in the Reports.
Step 2: View Classification
· To view Classification, go to Menu bar --> Forecast --> Reports --> Classification Report.
· Click on the Classification button to Select either ACB/XYZ classification.
· ABC India Quantity displays with the Cumulative Percentage column at the last. Based on the column classification is done.
· Similarly, based on the Quantity (Zero Count), the XYZ classification is done.