Demand Forecasting
Make precise demand forecasts both at the macro level and all the way down to individual geography, markets, and customer segments.
Know what volumes to expect to improve planning
Successful business planning depends on knowing how much demand will exist for products and services. From product design to production to logistics to sales, the more insight into expected demand, the better prepared your organization will be. In contrast, inadequate forecasts mean the risk of over- or underproduction, operational inefficiencies, or simply selling the wrong thing.
Build the right products
Set up your product portfolio to achieve maximum revenues. Pursue the market opportunities with the greatest demand potential.
Optimize production, inventory, and supply chain
Make sure you’ve got the right amount of product at the right time in the right place. Plan the right production volume, inventory levels and optimize your supply chain for delivery.
Find valuable prospects
Use profiles of your most valuable long-term customers to identify and acquire prospects with similar characteristics. Target acquisition marketing to best effect.
Increase revenue and margins
Stop wasting service and retention efforts on customers that don’t merit it. Focus on the most profitable customers to grow your business and accelerate success.
Overcoming the computational demands of time series analysis
Ryan Frederick of Dominos explains how his data science team improved their supply chain by providing highly accurate and scalable demand forecasts through extensible time series forecasting and scaled R-based models using RapidMiner. Watch the full presentation here.
Find out how ML can transform your business
We apply our expertise to help you identify the use cases you should tackle in your organization. The outcome is an impact-feasibility map that you can use with or without us.