Demand Forecasting

Forecasting future demand accurately the starting point for optimizing your Supply Chain

Demand Forecasting provides planners with all the tools necessary to determine a reliable profile of future demand. Forecasts can be carried out both for existing products, by availing of historic sales data, and for new products, through innovative forecasting techniques.

It combines sophisticated forecasting algorithms, as well as algorithms for the analysis of historic data and current sales data, with interactive revision tools. Collaboration and ease of use distinguish all functions involved.

Functions

• Demand forecasting; applies the most appropriate statistical algorithms.
• Simulates the impact of forecasts on production and stock profiles.
• Supports user collaboration.
• Periodic rolling review of forecasts, i.e. based on the most recent sales data.

Benefits

• Improved quality of forecasts; the better the plan, the greater the benefits a company can achieve, in terms of asset use and investment efficiency. Reduced production and procurement costs, lower stock levels and increases in customer service level.
• Shorter forecasting times.
• Higher frequency of the forecasting process; planning quality is improved and statistical errors are reduced.

The solution provides:

• A library of statistical methods and algorithms to satisfy the most diverse kinds of demand; continuative, intermittent and sporadic demand profiles, including trend, seasonal and promotional effects.
• A "best fit" proprietary technique which automatically proposes the best algorithm and parameterization for a given context.
• Simulative functions which help compare the effects of different forecasting strategies in both a graphic and intuitive way.