Skip to main content

Is there a way in IFS to create forecasting periods starting from a desired date (Ex first Monday of a given year ) rather always starting from the 1st of January 

Hi,

This isn’t possible using standard IFS functionality. 

When ‘Monthly’ Period Versions are selected, the ‘Generate Periods’ job will divide the year into monthly buckets starting 1st January and ending 31st December.

When ‘Weekly’ Period Versions are selected, the ‘Generate Periods’ job will essentially divide the year into weekly buckets starting 1st January and ending 31st December.  The difference with weekly periods is that each period will start on a Monday and end on a Sunday. 

This means that the first weekly period and last weekly period may have different ‘Length in Work Days’ values depending on which day of the week the 1st January and 31st December fall on within that year.

I hope that this helps.

 


Hello Richard,

Thank you very much. We thought of going for a customization.

 

What we are going to do through this  customization can be done manually today in IFS.

 

For an example 

  1. We define the periods with User Defined and 52 Periods Per Year
  2. Then adjusted the dates manually 
  3. Some periods go across the years 
  4. We made sure that there are no gaps and overlaps
  5. Then we ran the validation and found no issue

In this customization we additionally make sure that the period length is the same for all the periods

Any advice will be really appreciated 

 

BR

 

Champika


Hi Champika,

Yes, it is possible to change the Start and End Dates manually, but this approach is NOT recommended and is NOT best practice due to the way that the standard functionality is designed to work. There are several other functions such as Seasonal Profiles and Period Profiles which also require the Period Versions to start on the 1st January and end on the 31st December to work correctly.

I think you need to review the customer requirements to determine the reasons why the standard functionality will not work for them.

Best Regards,

Richard.

  


Hello Richard,

 

Thank you very much for your advice.

 

BR

 

Champika


Reply