Weak forecasting tools and practices incur high costs. An
incremental 10% forecasting error can easily add 10% to product
costs. Forecasts that err on the high side generate excess
inventory and associated costs, increased discounting, and
reduced margins. Forecasts on the low side often cause shortage
costs including reduced customer satisfaction, expediting,
additional purchasing or manufacturing costs, and displaced
production schedules. More generally, poor forecasts give rise
to misplaced marketing efforts and ill-advised strategic
initiatives.

By increasing accuracy in forecasting you can:
- improve the fit between what is produced/procured and
customer-demand
- aid medium-term production-planning, even longer-term
capacity-planning
- achieve sharper top-level revenue and profit projections
and dissect significant trends by product-line, geographical
segment, channel etc.
Assiduo leverages downstream demand data so that you can
collaborate to take a broader view and escape the proverbial
bull-whip. Advanced forecasting technology, and intelligent
workflow increase forecast accuracy and simplify the
demand-planning process.

An award-winning statistical forecasting engine factors in both
short-term fluctuations (seasonality, special events such as
promotions) as well as longer-term trends (product-lifecycle,
brand market presence, macroeconomic developments).

Intelligent workflow in demand planning keeps your team's
attention where it is needed most. Automatic expert model
selection from among sophisticated extrapolative forecasting
models frees demand planners from playing arm-chair statistician
to seek out extrinsic data and build consensus. Rigorous
prioritization of product forecasts for review and efficient
management of forecast overrides help your team identify and
confront exceptions immediately. |