iVend Forecasting Module - Subscription

Available only on an Annual Subscription, iVend Forecasting enables to take informed business decisions regarding inventory based on historical sales.

Forecasts can be generated based on product, product group, product categories and merchandise hierarchy.

Forecasting in iVend Retail provides a wide range of forecasting models with an automatic "best pick" option.

Forecast can be consumed in Merchandise Replenishment Plan Calculations to determine accurate replenishment plans.

iVend Forecasting is ONLY available in the Annual Subscription mode with 2(two) payment options – annual payment or monthly payment.

iVend Forecasting is licensed per company database per year and requires the annual renewal to be paid in advance.

Software Assurance licenses are included in the annual subscription mode.

In subscription licensing, the subscription period is annual while the payment cycle can be monthly or annual paid in advance. For example – if iVend Forecasting is licensed in January and the retailer wants to forego the licenses in June, he will be charged till December, after which the licenses will automatically expire. The partner (on behalf of the customer) will cancel the subscription. In such a case, the partner's card will be charged for the remainder of the year. The product licenses will continue to work till the end of the year.

In this mode of licensing, the credit card of the partner will be charged depending whether the payment mode is annual or monthly.

In the monthly payment mode, the Credit Card will not be ‘blocked’ for the annual amount.