If you can’t accurately forecast demand, you run the risk of producing too much or too little. You could be wasting warehouse space & misallocating employee time—both of which will eat into your profits.
Use our software to accurately forecast demand beyond seasonal trends, helping you plan production, lower inventory costs, optimize marketing & maximize ROI. Read more on demand forecasting here.
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See the Full Picture & Boost Your Bottom Line
Don’t fall into the trap of relying solely on historical data. Identifying patterns from previous years can be helpful, but it doesn’t account for outside factors like changing consumer preferences or new competitors.
Demand forecasting can give you insights that help to avoid underproducing—which leads to disappointed customers and negative impacts to your brand—and overproducing and wasting precious resources. Instead, you can operate more efficiently and optimize your assets and human resources.
Three Ways Demand Forecasting Can Work for You
Get the full picture: Build models that account for more than just historical trends to get a complete view of market demand, including changing preferences and new market entrants.
Optimize production, inventory, and supply chains: More comprehensive forecasts let you plan how much product you’ll need to make, store, and market.
Boost profits: Avoid producing, storing, and transporting too much or too little, and make sure you don’t waste human or operational resources.
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Overall, I had a positive experience with RapidMiner. It is a unified platform where I can judge my data overall and we can easily decide where we need improvements and what is working well. Due to its machine learning, I am confident about my decision that keeps my brand standing out in a competitive world.
Senior Software Engineer
RapidMiner Review After 3.5 Years of Usage
Really fast and reading all kinds of databases. We use it for merging SQL, MySQL, Oracle databases, with ETL processes. Transformations and calculations are simple to use. Besides that, we use it for automation and optimization, fraud detection and strategy creation.
Excellent Interface and Easy Model Generation Thanks to AutoModel
We started using RapidMiner Studio years ago. The excellent results speak for themselves, so we have been very satisfied with our cooperation with RapidMiner for a long time. The support is remarkable and leaves nothing to be desired.
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See how the data science team at Domino’s scaled R-based time series models to produce highly accurate demand forecasts at their locations across the country.
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