Step 1 - Account Integrations (Megaventory)
To use the Salescast optimization, the appropriate flag has to be set in the Account Integrations module of megaventory. This module lies under the Admin menu tab and handles the settings involved in integrating Megaventory to any 3rd party software. Extra help while filling out the form can be obtained by hovering with the mouse over the bubble icon next to each specific field.
By setting the Enable Lokad Integration flag, the user should also set the Lokad Username (mandatory field), Lokad Password (mandatory field) and Lokad file folder fields. The two former fields can be obtained by subscribing to the lokad.com website. The Lokad file folder field sets the folder location in which the files generated by Megaventory will be stored in the lokad.com website. The folder field is not mandatory: if no folder name is specified then, the files generated by Megaventory will be stored in the root folder of your Lokad account. If the folder name is specified then, a same folder name must exist in your Lokad.com account. If no such folder name exists in your Lokad.com account, the user will receive an error notification message as seen in the figure below.
When all the relevant information is completed, the user should save the form by clicking on the Save button.
Step 2 - On-Hand Inventory and Alerts (Megaventory)
To invoke the Salecast service and generate the files that contain the historical sales data needed by the Salecast service, one has to select the products using the checkboxes in the respective rows and click the Salescast Analysis option in the On-Hand Inventory and Alerts module.
To populate the Detailed Stock Alert Levels and the Sub Location columns, the user should select one or more inventory locations from the Select Inventory Locations drop-down option and then click Search. In case only one inventory location exists in the account, the Detailed Stock Alert Levels and Sub Location columns are by default pre-populated to display only information related to this inventory location.
The Show All Products selection will populate the whole list of products which can then be sent to Salescast for analysis. A user may also use the Show only products that need to be ordered option to populate only those products that are currently low on stock and need to be ordered (purchased) by their supplier. In such a case, the list is populated only with those products that fulfill the following condition per Inventory Location: inventory quantity plus the non-received quantity in Purchase Orders plus the non-received quantity in Work Orders (if the Works Module is enabled) minus the non-shipped quantity in Sales Orders is less than the Stock Alert level.
Products may be selected by checking the checkbox in the respective product row. Then, these products can be exclusively sent for Salescast analysis by clicking the Salescast button.
After clicking the Salescast button a notification message appears. The notification message shown in the figure below includes the link to the Lokad.com website where the Salescast project is located. In case of an error, the user will see an error notification message as shown in the figure below.
Step 3 - Generate the Salescast report (Lokad)
After successfully sending sales and inventory information to the Lokad.com servers, as shown in the figure below, for the specified products of step 2 above, the user can start the project and generate the Salescast report.
The Salecast project is located at HTTPS://SALESCAST2.LOKAD.COM and can be started by clicking the Start Run button as shown in the figure below. Extra configuration settings can be set by clicking the Configure Project button. Tweaking the settings under the Configure Project module allows for different optimization results. For the effect of each setting on your forecast, consult the Lokad.com website.
Once the Start Run button is clicked, Salescast will start analyzing the data as shown in he figure below and produce a consolidated Excel report gathering key inventory optimization metrics [SEE HTTP://WWW.LOKAD.COM/SALESCAST-SAMPLE-REPORT].
Step 4 - Import Reorder Levels in Megaventory
The final step is to import the Salescast analysis back to Megaventory. This is handled by the Data Import module of Megaventory which uses a CSV (or a text file) to add data to the account. The data import procedure is a three step procedure that includes: 1) choosing the data type to import, 2) downloading of an excel template and filling the excel template with data according to the template specifications and 3) saving the file as CSV (or Unicode TXT) and importing to Megaventory.
In this case, the Stock Alerts and Sub-Locations option should be clicked. By clicking on the Excel icon, the user will download an empty excel template which should be filled in and imported to Megaventory. The data/column structure will be similar to that of the figure below.
In the Excel template, column A includes the SKU code, column B includes the Inventory Location Abbreviation and column C includes the Stock Alert Value. The values under column C should include the stock alert values that were generated from the Salecast analysis. The fields under the Sub-Location column can be left blank.