Appendix - Glossary & Quick Reference
16.1 Glossary
Foresight. The iVendNext predictive forecasting module.
Confidence. The system's certainty at prediction time.
Accuracy. Realised correctness, measured after the fact.
Calibration. Closeness of confidence to accuracy; a large gap means overconfidence.
Movement type. Fast / Slow / Non Moving / Critical; drives the reorder safety margin.
Consumption. Units leaving stock (sales, transfers, usage); what inventory forecasting predicts.
Auto-PO / Auto-SO. Automatic drafting of Purchase / Sales Orders for review.
Sync Log. Audit record of every automated forecast run.
Settings. The single Foresight configuration screen.
16.2 Quick reference
Modules: Inventory Forecast · Sales Forecast · Financial Forecast · Cashflow / Revenue / Expense Forecast · Foresight Settings · Financial Alert · Forecast Accuracy · Forecast Sync Log.
Reports: 15, covering inventory, sales, finance, accuracy, risk, and system health.
Default thresholds: confidence 70 % · accuracy target 85 % · retrain monthly.
Sync frequency: Hourly / Daily / Weekly / Manual.
Forecast horizon: up to 5 years.
Movement classification: Fast / Slow / Non Moving / Critical.
Roles: Foresight Manager · Stock Manager · Sales Manager · Accounts Manager.
16.3 The numbers a consultant should know cold
| Metric | Value |
|---|---|
| Inventory reorder safety factor | 1.5 Fast Moving · 1.2 otherwise |
| Suggested qty horizon | Fast 1.5 mo · Slow 2 mo · else 1 mo |
| Auto-PO duplicate window | 7 days |
| Auto-SO confidence threshold | 85 % default |
| Auto-SO due window | next 7 days |
| Inventory confidence range | 50–95 % |
| Sales confidence formula | 70 + (data points × 2), capped 95 |
| Liquidity comfort line | 110 % |
| Risk category (financial) | Low ≥ 75 conf & ≤ 30 volatility; Critical otherwise |
iVendNext Foresight: AI Forecasting for iVendNext. This guide is intended for iVendNext consultants, partners, and customers.