v 14.0 Third Party 17
Live Preview
Required Apps Inventory (stock)
Lines of code 780
Technical Name stock_qty_forecast
LicenseSee License tab
Websitehttps://faotools.com/apps/14.0/stock-demand-trends-and-forecast-547
Also available in version v 11.0 v 12.0 v 13.0
You bought this module and need support? Click here!
Required Apps Inventory (stock)
Lines of code 780
Technical Name stock_qty_forecast
LicenseSee License tab
Websitehttps://faotools.com/apps/14.0/stock-demand-trends-and-forecast-547
Also available in version v 11.0 v 12.0 v 13.0

If you knew stock demand trends per warehouses, you would have a clue to decrease keeping costs and to have a flawless supply chain. Regretfully, you can't know the future. However, you can predict it with a certain reliability. This is an Odoo tool for that goal. The app let you construct stock demand per periods and forecast further demand.

Scientific approach for forecasting

The app assumes applying statistical methods to calculate historical trends and make a forecast. Make a few experiments with suggested solutions and coefficients to achieve the most accurate prediction

Focused analysis

Shrink considered stock operations for a definite warehouse location (with or without child locations) or analyze global company stocks demand

Topical data

Apply time frames for historical data to check statistical reliability through 'predicting' actually passed intervals. Stock demand is calculated as all done stock moves for this period which source location is one of internal locations under consideration and which destination location is not of this range

Trends interfaces

Work with stock demands forecasts in a way you like: as an Odoo chart, as an Odoo report (pivot), as an Excel table

Widely applicable solutions

Analyze trends for both a product template in general (e.g. all iPads) or a specific product variant (iPad 32Gb). The app might be of especial use for markets experiencing seasonal changes: try to define statistical factors in your industry to make reliable forecasts

Inventory trends analysts

Grant the right for forecast tools for any WMS user (the group Other > Stock Demand Forecast). To start analysis it is needed to push the button 'Stock Trends' on a product template, variant, or stock location form. Be cautious: all stock operations of a current company would be under consideration.

Demand trends and forecast button
Analyse stock demand per location or company
Different statistical methods for Odoo inventory forecast
Chart of forecasts and historical moves
Odoo report for stocks prediction
Odoo forecast stock moves
Excel table of stock moves per periods

Statistical methods to forecast stock demand

  • The tool allows to calculate inventory demand trends based on a number of statistical methods. They have different complexity and might be suitable for a definite market or a specific business. The final choice of the method and related statistical parameters is up to end users
  • Autoregression (AR) is the simplest but still widely used statistical method for time series forecast. Using the method you consider stock trends being linear without seasonal effects, without a purely defined trend, and without smoothing abnormal observation
  • Moving Average (MA) takes into account 'errors' in previous observations, and in comparison to the AR method smooths abnormal data
  • Autoregressive Moving Average (ARMA) is a combination of both AR and MA methods. To apply the ARMA method use the MA method with auto regression coefficient (P coefficient) as 2
  • Autoregressive Integrated Moving Average (ARIMA) combines the methods AR and MA, but beside that it tries to make data stationary. It is appropriate to use for historical data with pure trend but without seasonal changes
  • Seasonal Autoregressive Integrated Moving-Average (SARIMA) enriches the ARIMA method with considering seasonal changes. It is one of the most complex and wide spread methods utilized for forecasting time series now
  • Simple Exponential Smoothing (SES) is similar to the AR method, but instead of relying upon linear function, it exploits exponential one
  • Holt Winter's Exponential Smoothing (HWES) enriches the SES method to work with time series trends and seasonal effects
  • To start with have look at the articles which inspired us to introduce the app: https://machinelearningmastery.com/time-series-forecasting-methods-in-python-cheat-sheet, https://www.digitalocean.com/community/tutorials/a-guide-to-time-series-forecasting-with-arima-in-python-3, and https://people.duke.edu/~rnau/411arim.htm

Usage requirements

  • You have enough historical stock moves data (per location or a company), since it is senseless to make forecast based on last 5 days of operations
  • Stock demand is regular and is not chaotic, meaning that your decisions do not have 100% impact and there is at least some correlation between market demand and your WMS operations.
  • You consider seasonal changes and/or trends, which you noticed but can't fully analyze. You understand which assumptions you try to check.
  • You have clear understanding of how statistics works.
Based on applied statistical methods and parameters (especially P, D, Q, and seasonal coefficients) sometimes the app would not be able to reveal a trend. In such a case, make sure you have enough historical data and try to experiment with forecast settings

To guarantee tool correct work you would need a number of Python libraries: pandas, numpy, statsmodels, scipy, xlsxwriter. To install those packages execute the command:

pip3 install pandas numpy statsmodels scipy xlsxwriter

According to the current Odoo Apps Store policies:

  • every module bought for the version 12.0 and prior gives you an access to the all versions up to 12.0.
  • starting from the version 13.0, every version of the module should be purchased separately.
  • disregarding the version, purchasing a tool grants you a right for all updates and bug fixes within a major version.

Take into account that Odoo Tools team does not control those policies. By all questions please contact the Odoo Apps Store representatives directly.

  1. Unzip source code of purchased tools in one of your Odoo add-ons directory

  2. Re-start the Odoo server

  3. Turn on the developer mode (technical settings)

  4. Update the apps' list (the apps' menu)

  5. Find the app and push the button 'Install'

  6. Follow the guidelines on the app's page if those exist.

Yes, sure. Take into account that Odoo automatically adds all dependencies to a cart. You should exclude previously purchased tools.

Regretfully, we do not have a technical possibility to provide individual prices.

As soon as you purchased the app, the button 'Deploy on Odoo.sh' will appear on the app's page in the Odoo store. Push this button and follow the instructions.

Take into account that for paid tools you need to have a private GIT repository linked to your Odoo.sh projects

Yes, all modules marked in dependencies are absolutely required for a correct work of our tool. Take into account that price marked on the app page already includes all necessary dependencies.  

No, third party apps can not be used on Odoo Online.

Red / orange warning itself does not influence features of the app. Regretfully, sometimes our modules do not pass standard automatic tests, since the latter assumes behavior which is in conflict with our apps goals. For example, we change price calculation, while standard Odoo module tests compare final price to standard algorithm.

So, first of all, please check deployed database features. Does everything work correctly?

If you still assume that warning influences real features, please contact us and forward full installation logs and the full lists of deployed modules (including core and third party ones).

Stock demand forecast in a few clicks from template, variant, and location

Demand trends and forecast button

Calculate stock trends globally or by Odoo location

Analyse stock demand per location or company

Experiment with various statistical models

Different statistical methods for Odoo inventory forecast

Stock demand trends and forecast chart

Chart of forecasts and historical moves

Odoo pivot view of stock trends and forecast

Odoo report for stocks prediction

Predicted stock oeprations

Odoo forecast stock moves

Stock demand trends and forecast as an xlsx table

Excel table of stock moves per periods

Demand trends and forecast configuration: default values

Default values to generate a report

Odoo demonstration databases (live previews)

For this app we might provide a free personalized demo database.

To demand such database: press the button "Live Preview" on the top of this page or copy the link https://faotools.com/s/37ttfc

No phone number or credit card are required to contact us: only a short email sign up which does not take more than 30 seconds.

By your request we will prepare an individual live preview database, where you would be able to apply any tests and to check assumptions during 14 days.

Bug reporting

In case you have faced any bugs or inconsistent behavior, do not hesitate to contact us. We guarantee to provide fixes during 60 days after a purchase, while even after this period we are strongly interested to improve our tools.

To send us a bug report: press the "Website" link on the top of this page and push the button "Bug Report" (the tab Support). Alternatively, copy the link https://faotools.com/s/bdsowm

No phone number or credit card are required to contact us: only a short email sign up which does not take more than 30 seconds.

Please include in your request as many details as possible: screen shots, Odoo server logs, full description of how to re-produce your problem, and so on. Usually it takes a few business days to prepare a working plan by an issue (if a bug is confirmed) or provide you with guidelines what should be done (otherwise).

Public features request and module ideas (free development)

We are strongly motivated to improve our tools and would be grateful for any sort of feedback. In case your requirements are of public use and might be efficiently implemented, the team would include those into our to-do list.

Such to-do list is processed on a regular basis and does not assume extra fees. Altough we cannot promise deadlines and final design, it might be a good way to get desired features without investments and risks.

To share ideas: press the "Website" link on the top of this page and push the button "Share Features Ideas" (the tab Support). Alternatively, copy the link https://faotools.com/s/y0ap2w

No phone number or credit card are required to contact us: only a short email sign up which does not take more than 30 seconds.

New features and extra Odoo services (individual development)

Each of our apps might be customized and extended to suit your specific requirements.

Our customization team (itlibertas.com) fulfills not only such jobs but it also provides a full range of Odoo services. From simple modifications and consultations to complex enterprise projects. The team has completed over 100 implementations since 2012, and might help with any technical or business needs.

To contact us for details and conditions: press the "Website" link on the top of this page and push the button "Request Individual Customization" (the tab Support). Alternatively, copy the link https://faotools.com/s/u66m3a

No phone number or credit card are required to contact us: only a short email sign up which does not take more than 30 seconds.

Questions and misc issues

Feel free to contact us by any other concerns, doubts, or questions: press the "Website" link on the top of this page and push the button "Raise Question" (the tab Support). Alternatively, copy the link https://faotools.com/s/p28pdq

About the team

faOtools (faotools.com, former odootools.com) is the team of developers and business analysts to help you extend Odoo potential. We have been communicating with end users to whom the software became the main business tool since 2012. As a result, we are proud of dozens of successful Odoo apps developed. We are open for new ideas and challenges to create the best Odoo apps for business needs all over the world.

You may like the tools

Product Management Interface

The tool to search, select and mass update product templates

149
Stocks Access Rules

The tool to restrict users' access to stocks, locations and warehouse operations

28 23
Stocks by Locations

The tool to make inventory data essential and comfortable for elaboration

36 30
Vendor Products Portal

The tool to motivate vendors to prepare product catalog in Odoo

186 158
Vendor Product Management

The tool to administrate vendor data about products, prices and available stocks

86 73
Advanced Variant Prices

The tool to configure variant prices based on attributes coefficients and surpluses

96
KnowSystem: Knowledge Base System

The tool to build deep and structured knowledge base for internal and external use. Knowledge System. KMS

298
Universal Appointments and Time Reservations

The tool for time-based service management from booking appointment to sale and reviews

399
Google Drive Odoo Integration

The tool to automatically synchronize Odoo attachments with Google Drive files in both ways

394
Odoo Proprietary License v1.0
This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).
You may develop Odoo modules that use the Software as a library (typically
by depending on it, importing it and using its resources), but without copying
any source code or material from the Software. You may distribute those
modules under the license of your choice, provided that this license is
compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).
It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.
The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE SOFTWARE.

Please log in to comment on this module

  • The author can leave a single reply to each comment.
  • This section is meant to ask simple questions or leave a rating. Every report of a problem experienced while using the module should be addressed to the author directly (refer to the following point).
  • If you want to start a discussion with the author or have a question related to your purchase, please use the support page.