iVendNext Foresight - Appendix: Glossary & Quick Reference

iVendNext Foresight - Appendix: Glossary & Quick Reference

16. Appendix: Glossary & Quick Reference

16.1 Glossary

  • Foresight. The iVendNext predictive forecasting module.

  • Confidence. The system's certainty at prediction time.

  • Accuracy. Realised correctness, measured after the fact.

  • Calibration. Closeness of confidence to accuracy; a large gap means overconfidence.

  • Movement type. Fast / Slow / Non Moving / Critical; drives the reorder safety margin.

  • Consumption. Units leaving stock (sales, transfers, usage); what inventory forecasting predicts.

  • Auto-PO / Auto-SO. Automatic drafting of Purchase / Sales Orders for review.

  • Sync Log. Audit record of every automated forecast run.

  • Settings. The single Foresight configuration screen.


16.2 Quick reference

  • Modules: Inventory Forecast · Sales Forecast · Financial Forecast · Cashflow / Revenue / Expense Forecast · Foresight Settings · Financial Alert · Forecast Accuracy · Forecast Sync Log.

  • Reports: 15, covering inventory, sales, finance, accuracy, risk, and system health.

  • Default thresholds: confidence 70 % · accuracy target 85 % · retrain monthly.

  • Sync frequency: Hourly / Daily / Weekly / Manual.

  • Forecast horizon: up to 5 years.

  • Movement classification: Fast / Slow / Non Moving / Critical.

  • Roles: Foresight Manager · Stock Manager · Sales Manager · Accounts Manager.


16.3 The numbers a consultant should know cold

Metric

Value

Inventory reorder safety factor

1.5 Fast Moving · 1.2 otherwise

Suggested qty horizon

Fast 1.5 mo · Slow 2 mo · else 1 mo

Auto-PO duplicate window

7 days

Auto-SO confidence threshold

85 % default

Auto-SO due window

next 7 days

Inventory confidence range

50–95 %

Sales confidence formula

70 + (data points × 2), capped 95

Liquidity comfort line

110 %

Risk category (financial)

Low ≥ 75 conf & ≤ 30 volatility; Critical otherwise



iVendNext Foresight: AI Forecasting for iVendNext. This guide is intended for iVendNext consultants, partners, and customers.


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