Sales Trends and Forecast v.13

The tool to calculate sale trends and make prediction for future sales statistically. Sales Forecast

198€ 158€

The price is valid till November, 15 (according to the promo campaign October - November Special Offers 2020).
The tool does not require extra dependencies beside standard Odoo apps.
Current version: 13.0.1.0.2

Enterprise
Community
Odoo.sh
If future sales are a black box for you, you might hardly make profitable decisions right now. How many items to purchase? Which products require aggressive advertising? Where are the best markets for us for the next year? Luckily, statistics might help if you have enough historical data. This Odoo tool let you generate sales by periods and apply statistical methods to forecast further periods.

When this tool should be used

  • You have enough historical sales data, since it is senseless to make forecast based on last 5 days of sales.
  • Your sales are regular and they are not chaotic, meaning that your decisions do not have 100% impact on your sales and there is at least some correlation between market demand and your sales.
  • 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 how statistics works.

Sales forecasting interface

Sales trends and forecast are shown in comfortable manner of your choice: as an Odoo chart, as an Odoo report (pivot), as an Excel table. The latter might be also used to import data in certain statistical software.
The right for trends analysis might be granted to any sales user, but be cautious: all sales of a current company will be under consideration.

Screenshots

Sales trends and forecast chart

Chart of forecasts and historical sales

Sales trends and forecast as an xlsx table

Excel table of sales

Odoo pivot view of sales trends and forecast

Odoo report for sales prediction

Sales forecast in a few clicks

Sales trends and forecast menu

Grant the right for the forecast report

Sales trends and forecast security

Scientific approach for forecasting

Apply the statistical method which you consider as the most suitable: Auto regression, Moving Average, Autoregressive Integrated Moving average, Seasonal Autoregressive Integrated Moving Average, Simple Exponential Smoothing, Holt Winter’s Exponential Smoothing.
Forecast as many intervals as you like, but remember that prediction for the next 10 years would be hardly reliable.
Based on your historical data and applied coefficients, sometimes Odoo is not able to reveal trends and make forecasts. In that case only historical data would be shown in reports. But even historical trends might have an analytical use.

Statistical methods for forecast

Autoregression (AR)

It is the simplest but still widely used statistical method for time series forecast. Using the method you consider sales trends being linear without seasonal effects, without a purely defined trend, and without smoothing abnormal observation.

Moving Average (MA) and Autoregressive Moving Average (ARMA)

The moving average method takes into account 'errors' in previous observations, and in comparison to the AR method smooths abnormal data.

The autoregressive moving average method 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)

The method which also 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)

The SARIMA method 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)

The SES model usage is similar to the AR method, but instead of relying upon linear function, it exploits exponential one

Holt Winter’s Exponential Smoothing (HWES)

The HWES method enriches the SES method to work with time series trends and seasonal effects.

Screenshots

Experiment with various statistical models

Different statistical methods for forecast

Topical data under consideration

Shrink your analysis for definite products, templates, categories, sales teams, country, or customers to make rational decisions.
Apply time frames of historical data which is used as an analytic basis. Forecast periods are ones which follow after the end of defined frame. In such a way you make check statistical reliability through 'predicting' actually passed intervals.
As sales per periods all sales orders in the states 'Locked' and 'Sale Order' are taken into account.

Screenshots

Target your analytics

Shrink sales by products, teams, countries

Configuration and Installation Tips for Sales Trends and Forecast Odoo v.13

Python dependencies

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

Default values

In the most cases you apply the same statistical model and forecast the same number of periods. To save time you can assign default values to the report wizard. Go to Sales > Settings and find the section 'Sales Trends and Forecast'

Sales trends and forecast configuration

Default values to generate a report

Frequently Asked Questions about Sales Trends and Forecast Odoo v.13

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 representativesdirectly.

  1. Restart your Odoo server and update the module

  2. Clean your browser cache (Ctrl + Shift + R) or open Odoo in a private window.

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.

  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.

Sorry, but no. We distribute the tools only through theofficial Odoo apps store

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).

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

Odoo demonstration databases (live previews)

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

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.

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.

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 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.

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.

You may also like the tools
CRM Duplicates Real Time Search

The tool for real-time control of customers' and opportunities' duplicates

86€
CRM Check List and Approval Process

The tool to make sure required jobs are carefully done on this pipeline stage

28€
Custom Fields for Opportunities

The tool to add new fields for Odoo CRM opportunities without any technical knowledge

38€
CRM Daily Reminder

The tool to notify salespersons of topical activities by leads and opportunities

28€
Sale Order Approval Check Lists

The tool to make sure a sale order is ready for the next stage

48€
Opportunities Contact Full Details

The tool to keep complete and easy-reach opportunities' contact information

28€ 22€
KnowSystem: Knowledge Base System

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

228€
OwnCloud / NextCloud Odoo Integration

The tool to automatically synchronize Odoo attachments with OwnCloud / NextCloud files in both ways

394€
Google Drive Odoo Integration

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

394€