March 9, 2023 Release Note
Summary of Release
- Improved Subscription Management with Usage Alerts
- "Price as Related Time Series" option to our Machine Learning add-on, improving forecast accuracy.
- Changes to the Download to ERP function for transfer orders, optimizing accuracy.
- Performance optimizations to the Planner Action page with Batching functionality, resulting in faster load times.
- Batch Processing performance improvement
- Incorrect Historical Demand in RP
- Fixed loss calculation in RP
Improved Subscription Management with Usage Alerts
We are pleased to announce an enhancement to our subscription management system that will help business node owners stay on top of their SKU usage. With this update, in-app messages and automatic email notifications will be sent to notify owners when their SKU subscription usage exceeds predefined limits.
In addition, we have added two options for monitoring SKU usage:
1) Within Business Node tab
2) Within Item Selection Tab:
Machine Learning - Price as Related Time Series
We are excited to announce that we have added a new feature to our Machine Learning add-on - "Price as Related Time series". This feature will enable users to improve their forecast accuracy by incorporating the price of the item being forecasted as a related time series.
By incorporating the price as a related time series, the Machine Learning model can capture the impact of price changes on the item's demand and adjust the forecast accordingly. This feature can be particularly useful in industries where the demand for a product is sensitive to price changes
The Machine Learning model will be able to account for the impact of price changes on the item's demand and adjust the forecast accordingly. This will lead to more accurate predictions of the item's demand, which can help users make better-informed decisions about inventory management, production planning, and pricing strategies.
Overall, we believe that the addition of "Price as Related Time series" to our Machine Learning add-on will provide users with a powerful tool to improve their forecast accuracy and make better-informed business decisions.
More about Machine Learning Forecast Process described here
Changes to Download to ERP function for Transfer Orders
We would like to inform our users that we have made changes to the Download to ERP function for transfer orders in our system.
With this enhancement, it will no longer be possible to select and send transfer orders to Plex as Jobs, either manually or through automation.
Performance Optimization for Planner Action Page with Batching Functionality
We have optimized the Planner Action page for users with Batching enabled, resulting in faster load times. This enhancement improves the overall user experience, particularly for those with large volumes of data.
Faster Batch Processing
We have optimized the run batching functionality to improve performance and speed up processing time.
Issue with historical demand in RP, where the BOM multiplier used for safety stock calculation was not being respected. This issue has been resolved, and RP historical demand now takes into account the BOM multiplier.
Issue with fixed loss calculation in RP, specifically when there were no dependent demands at the parent item level. In such cases, the fixed loss calculation was not being accurate. With this fix, when calculating fixed loss, if there is no demand at the parent item level, the fixed loss will not be considered, resulting in more accurate calculations.
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