User Guide
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 ...
iVendNext Foresight - Frequently Asked Questions (FAQs)
Q1. Does Foresight replace iVendNext's reorder logic? No. It complements it. Foresight computes a dynamic reorder level alongside any static one you keep as a hard floor. Q2. Can I run a forecast on demand? Yes. Open any forecast and run it, or ...
iVendNext Foresight - Considerations & Current Limitations
This is honest, professional framing for the consultant. Share the relevant points with customers during the blueprint, so there are no surprises. Topic What to know How we handle it Warm-up period Forecasts need around 90 days of history to reach ...
iVendNext Foresight - Troubleshooting & Support
Because Foresight is delivered as a cloud service, there is no infrastructure for customers or partners to manage. Most issues are functional (data or configuration) and can be resolved on screen. Anything beyond that is handled by iVendNext support. ...
iVendNext Foresight - Objection Handling Library
Objection Response "Do we need to install or manage anything?" "No. Foresight is part of your iVendNext cloud. There is nothing to install, no servers, and no maintenance. We handle all of that." "We don't have data scientists." "You don't need any. ...
iVendNext Foresight - Demo Script (Full)
11.1 The pitch (45 seconds, memorise) "Most retailers we meet share three pains: they stock out of the wrong items, they sit on too many of the right items, and finance forecasts cash in spreadsheets. iVendNext Foresight adds three prediction engines ...
iVendNext Foresight - Automation: Reorder, Auto-PO, Auto-SO
10.1 Scheduled forecasting Foresight refreshes forecasts automatically on the frequency set in Foresight Settings (hourly, daily, or weekly), retrains its sales models on the configured cadence, and updates accuracy as actual sales come in. All of ...
iVendNext Foresight - Reports: Logic, Filters, Worked Examples
Foresight ships a full report library inside iVendNext. All reports respect company isolation and role-based security. Many include a sample-data view so they render meaningfully during a demo, before the customer's own forecasts are generated. ...
iVendNext Foresight - Supporting Records: Alerts, Accuracy, Sync Log
8.1 Financial Alert A persistent alert record. On creation it computes the variance against the threshold, and emails the assigned owner when priority is High or Critical. It is used to draw the finance team's attention to balances and forecasts that ...
iVendNext Foresight - Forecasting Modules: Logic, Rules, Worked Examples
For each module you get: purpose, key fields, validation rules, calculation logic with formulas, a complete worked example, and edge cases. All formulas are presented exactly as the engine applies them, so a consultant can reproduce any number on ...
iVendNext Foresight - Foresight Settings: Configuration Guide
Foresight is configured from a single Foresight Settings screen inside iVendNext. No technical access is required. It is a standard settings form. 6.1 Settings reference with recommended values per customer profile Setting Default Small retailer ...
iVendNext Foresight - Forecasting Models: Theory, Selection, Trade-offs
Foresight can apply several forecasting approaches depending on the data and the forecast type. This section explains each one in business terms: when to choose it, and where it is weak. Use it during blueprint discussions when a customer asks "why ...
iVendNext Foresight - What Foresight Needs to Produce Good Forecasts
Foresight learns from data. The quality of predictions depends on the quality and depth of the history available in iVendNext. 4.1 Master data setup Setup item Why it matters Items flagged for forecasting The sales engine processes only items marked ...
iVendNext Foresight - How Foresight Works: a Logical Overview
A Logical Overview 3.1 What happens each cycle On a configurable schedule (hourly, daily, or weekly), the engines read recent sales, stock-movement, and account history per company. Predictions are written to the forecasting screens. The master ...
iVendNext Foresight - Why Foresight Exists: The Business Case
2.1 The customer problem in one paragraph Retailers and distributors live with three persistent pains: stock-outs of fast-moving items that cost sales and customer trust, dead capital tied up in slow-moving stock, and cash-flow surprises because the ...
iVendNext Foresight - iVendNext Foresight in the iVendNext Family
About this guide. iVendNext Foresight is the predictive intelligence module of the iVendNext Retail Management platform. This guide explains what Foresight does, the business logic behind every prediction, how each capability is configured, and how ...