Forecasting Seasonal Sales in Power BI and Excel - January 30, 2025
10:00 AM (Eastern Time)
Forecasting sales is crucial for businesses as it provides a roadmap for planning and decision-making.
If you’re a seasonal business, forecasting becomes even more important since your risk of going out-of-stock or over-ordering is higher. Join me in this casual meeting as we discuss how to do seasonal forecasting in Power BI and Excel.
What we’ll discuss
What is a seasonal forecast? What does it mean to decompose a seasonal forecast?
How to use the built-in forecasting tool inside Power BI and where it fails us.
How to code your own seasonal forecast for every product you offer.
10:00 AM (Eastern Time)
Forecasting sales is crucial for businesses as it provides a roadmap for planning and decision-making.
If you’re a seasonal business, forecasting becomes even more important since your risk of going out-of-stock or over-ordering is higher. Join me in this casual meeting as we discuss how to do seasonal forecasting in Power BI and Excel.
What we’ll discuss
What is a seasonal forecast? What does it mean to decompose a seasonal forecast?
How to use the built-in forecasting tool inside Power BI and where it fails us.
How to code your own seasonal forecast for every product you offer.
10:00 AM (Eastern Time)
Forecasting sales is crucial for businesses as it provides a roadmap for planning and decision-making.
If you’re a seasonal business, forecasting becomes even more important since your risk of going out-of-stock or over-ordering is higher. Join me in this casual meeting as we discuss how to do seasonal forecasting in Power BI and Excel.
What we’ll discuss
What is a seasonal forecast? What does it mean to decompose a seasonal forecast?
How to use the built-in forecasting tool inside Power BI and where it fails us.
How to code your own seasonal forecast for every product you offer.
Benefits of Forecasting
1. Inventory Management
Avoids overstocking or understocking, helping optimize inventory levels.
Reduces storage costs and minimizes the risk of obsolete inventory.
2. Financial Planning
Provides insights for budgeting and resource allocation.
Helps in anticipating cash flow needs and managing capital effectively.
3. Staffing and Operations
Ensures adequate staffing during peak sales periods and avoids overstaffing during slow seasons.
Helps align operational capacity with demand, improving efficiency.
4. Strategic Planning
Identifies trends and allows businesses to respond to market changes proactively.
Supports long-term growth strategies and resource allocation.
5. Customer Satisfaction
Helps ensure that sufficient stock is available to meet customer demand, enhancing customer experience and loyalty.
6. Risk Mitigation
Anticipates potential challenges like supply chain disruptions or seasonal fluctuations.
Enables contingency planning to manage uncertainties effectively.
