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Forecasting Software for sales, demand and call volumes

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Sales Forecasting Add-in Software for Microsoft Excel

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This product has known issues with Microsoft Office 2010. In general, we advise to switch to the Safety Stock Calculator (LSSC) which, despite its name, provides all the forecasting features of the Lokad Excel add-in. LSSC is faster and more reliable. In addition, LSSC can import data from Microsoft Excel too.

Lokad Sales Forecasting for Microsoft® Excel®

Open source add-in that provides sales reporting and sales forecasting.

Features

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  • Native integration into Microsoft® Excel® 2007
  • Explore, visualize and organize your sales data through Excel.
  • Upload your sales data to Lokad in one click.
  • Define customizable forecasting tasks (per day, week, month).
  • Download your sales forecasts through our forecasting technology.

This software requires a subscription plan to be fully functional.

If you are forecasting sales for inventory optimization, but do not have Excel, then you can also try using Lokad Safety Stock Calculator.

Resources


Frequently Asked Questions

Q: How to update Lokad Add-In for Microsoft® Excel®?
A: Just install a new version over the old one. Files will be updated as needed.

Q: How to uninstall Lokad Add-In for Microsoft® Excel®?
A: You can use Control Panel \ Programs and Features to uninstall the software.

Q: Does it work with Microsoft® Excel® 2003 or older?
A: No, but if you are forecasting sales, you can use LSSC that supports Excel 2003.

Q: What does Error column mean?
A: Error represents Lokad's estimate of the forecast accuracy and can range from 0 to 1. A lower error estimate is better. "Error 0.28", expressed in percents, would mean: "Forecast error is estimated to be 28%".

Q: How can I lower the error and improve quality of my forecasts?
A: The most common reason for getting high error estimates is that Lokad Forecasting Services do not have enough data in order to deliver more precise forecast. For example, this could happen, when you are trying to forecast sales for the next few weeks, while supplying only a few days of history data. Sending more history data to Lokad Services and providing Lokad Support with additional feedback on your experience will help to improve the quality of your forecasts.

System requirements

  • Microsoft® Excel® 2007.
  • Microsoft® Windows® XP or higher.

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