Analyte Quality Forecasts

Analyte quality forecasts are like forward curve price series (see Price Series), in that they are a series of projected values that are updated regularly. A forward curve price series projects the future price of products and materials; and an analyte quality forecast projects the future analyte specifications (quality) of products and materials. Analyte quality forecasts are applicable to both bulk materials and discrete units.

Each analyte quality forecast is modelled as values entered in a 3-dimensional array:

  1. The effective start dates for each new set of analyte value projections, according to the entry frequency
  2. The dates for which analyte values are projected, according to the forward frequency
  3. The analytes in the associated products and materials

If this functionality is configured and enabled, values from analyte quality forecasts are used instead of specifications when calculating despatch order and quota balance snapshots. These values are only used until actual analyte values from samples and assays are available.

If analyte quality forecasts are not used, despatch order specifications are used to calculate the snapshot assay information and invoice preview until actual analyte values from samples and assays are available.

Important: Because analyte quality forecasts impact snapshot calculations, they also affect Cash Forecast Reports, Quotation Period (QP) Profile Reports and despatch order revaluations. However, analyte quality forecast values are not used in invoice calculations or Invoice Revaluation.

Configuration

To configure analyte quality forecasts:

  • Analyte forecasts must be enabled in the despatch order snapshot settings. See Specify Snapshot Settings.
  • Data must be entered for the forecasts.
  • The forecasts must be associated with products or brands.
Usage

If analyte quality forecasts are configured, when the despatch order or quota balance snapshot is calculated:

  • The applicable forecast is as specified for the despatch order's or quota's product.
  • The analyte forecast values are determined from the despatch order's or quota's planned date.
  • If analyte quality forecast values cannot be determined, analyte specifications are used to calculate the snapshot assay information and invoice preview.

The quota's planned date may be the start or end date of the quota, depending on which option is selected in the contract quota snapshot settings.