DEMAND AND INVENTORY PLANNING

Forecasting as a service in Retail/FMCG domain

Forecasting as a service in Retail/FMCG sector helps to predict demand planning with 90% accuracy by optimizing procurement cost, improving inventory planning & forecasting sales with the help of advanced machine learning and econometrics to transform supply-chain functions in order to achieve positive outcomes

Pain points

  • Are you facing the challenge of performing demand forecasting for your retail establishment?
  • Do you want to ensure optimum inventory levels and minimum stock-out cases?
  • Do you want to measure how Pricing & Promotion marketing driving your sales?
  • How are external factors like events/holidays affecting the demand?

Life of a Retailer

Imagine the life of a retailer, he has two nightmares:
1) Customer walks into the store & doesn’t find the exact product she is actually looking for so she leaves the store disappointed  
2) The store has some overstocked products and there is no one to buy it. Now the store has to sell the product at a huge discount to get rid of the stock.

In both cases, retailer suffers losses. He has lost opportunities, dissatisfied customers and depleting cash flows after liquidation. Globally, this is a common phenomenon affecting many retailers. A recent study revealed worldwide, loss due to inventory mismanagement is amounting to more than a trillion dollars every year. But on a more positive note, the study also says that a retailer can save up to 25% of their inventory cost through better management. Inventory management is basically a delicate balancing act between not going out of stock and not overstocking. The balance is achieved when retailer can forecast the demand with great accuracy. Good demand forecast is the first step towards inventory optimization.

Core Offerings

1. Demand & capacity planning – flexible solutions to transform supply chain functions to produce positive outcomes

2. Inventory Planning

  • Optimization of procurement cost
  • Purchase order flow management
  • Warehouse & scheduling optimization

3. Sales planning & intelligence – Sales forecasting service includes

  • Product performance forecast
  • Planning of sales promotion drive
  • Prediction of the agenda of purchase

Business Benefits

Using advanced machine learning, econometrics & time series techniques, along with human insights, to solve business problems in a proactive manner.

Demand & capacity planning – flexible solutions to transform supply chain functions to produce positive outcomes

Optimization of procurement cost, inventory planning, purchase order flow management, warehouse & scheduling optimization

Sales planning & intelligence – Sales forecasting service includes

  • Product performance forecast
  • Planning of sales promotion drive
  • Prediction of the agenda of purchase

Leveraging the power of intuitive dashboards & readily available reports to unlock the true value of sales data

Demand forecast accuracy level of 90-95% can be achieved for large retailers (10K+ SKU)

Let’s Get Started

Ready To Make a Real Change? Let’s Build this Thing Together!