Download free Product turnover forecast template in Microsoft Excel and Spreadsheet. This free excel template is helpful for sales managers and business owners to forecast the sales and turnover of specific product. This comes with a pre-defined formulae.
About Product Turnover Forecast format in Excel
This Product Turnover forecast Excel template allows financial analysts to evaluate different sales and income scenarios for a new product. The template allows users to conduct two sales and income forecasts: one based on a target operating income scenario and another based on a target market share scenario.
Sales forecasting and predicting the tentative sales of any new product is essential for business development, sales and marketing department. These kind of data analytics helps the organization to set trajectory for their upcoming years. Furthermore, organizations can work in their cost optimization and other strategies, if the figures are favorable.
Typically for established businesses – it is easier to create more accurate sales forecasts based on previous sales data.
On the other hand, for newer businesses, they will have to rely on market research, competitive benchmarks, and other forms of interest to establish a baseline for sales numbers.
Outcome of Sales forecast
Your sales forecast is the base of the financial story that you are creating for your business. Once you have your sales forecast complete, you’ll be able to easily create your profit and loss statement, cash flow statement, and balance sheet. But beyond just setting the stage for a complete financial forecast, your sales forecast is really all about setting goals for your company. You’re looking to answer questions like:
- What do you hope to achieve in the next month? Year? 5-years?
- How many customers do you hope to have next month and next year?
- How much will each customer hopefully spend with your company?
Your sales forecast will help you answer all of the aforesaid questions and potentially any others that involve the future of your business.
Download and use Product turnover forecast Free Excel Template
To use this free excel template, you should have Microsoft Office/ Microsoft Excel installed in your system. After installing Excel or Spreadsheet, download the zip file of this template.