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Changing the planning method in Inventory Management to forecast based on historical data

Currently, we are using the Min-Max Inventory Planning Method. We had heard that Oracle had a feature that would allow the system to create replenishment purchase orders based on historical inventory data and forecasting.

I haven’t been able to find any helpful documentation regarding the required configuration or steps to enable this feature. Has anyone successfully implemented it or have insights on transitioning from Min-Max planning to a different planning method? Any guidance or resources would be greatly appreciated.

These are the only options that I see for Inventory item planning:

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