Improving Forecast Accuracy

8/23/20231 min read

Problem: Demand Forecasting has been a key issue for all the industries and the current best of breed solutions being purely statistical in logic are not able to solve any of the real process issues.

Solution: Forecasting is a collaborative exercise which needs continuous intelligence from multiple people, processes and technologies. Our forecasting leaders and change managers are capable of driving end to end 'process re-engineering' to achieve best in class Demand forecasting process. Our 'exception management' module take inputs from multiple sources and throw demand, supply & inventory exceptions that help in doing forecasting overrides and 'Part management' module help you provide with all the intelligence about a part across all hierarchy of business i.e. Geography, business unit, product line, plant etc.

IMPACT

20-30%

better forecast accuracy