In an efficient demand decision process, forecasts are generated by using statistics and inputs from the field or other departments within your organization. Being able to precisely predict demand leads to effective inventory management and resource utilization, increased profitability, and better customer experience while continuous quality analysis increases the service levels.
In the customer-centric approach, impact analysis is carried out if the operational capabilities can meet the forecasted demand in relation with the customers and their orders.
Generate AI-accurate forecasts based on your company’s unique business logic and product range. Predict customer demand with the highest level of accuracy by using historical data, market behaviour, and sales targets.
Create and manage forecast quantity with respect to orders by using statistics. Make optimized decisions in your other decision processes that you will establish on solid ground with the accurate forecasts you will create.
A company in FMCG sector ramped up its production 1200% over the last 10 years and for this reason was not able to forecast demand accurately.
The company reduced its stock holding cost 12% by changing allocations according to their prioritization with ICRON CCP. The company got 40% closer to their optimal stock levels by reducing excess stocks.
