More accurate forecasts drive more accurate downstream supply chain plans that boost profitability, satisfy customers and synchronize supply chain partners. A demand-driven enterprise requires superior visibility and greater forecast accuracy in order to lower costs, increase product availability and improve profitability. Logility’s solution for demand planning and optimization aligns high-level business planning with detailed product forecasting to boost service levels, shorten cycle times, reduce inventory investments and improve profitability.
Demand sensing is the translation of market-based demand information to detect short-term buying patterns. The ability to leverage new mathematical techniques and near real-time demand signals to improve your supply chain’s capability to respond to unplanned demand changes is a transformational opportunity for your company. Logility’s demand sensing solution provides real-time visibility and insights into shorter-term demand, enabling improved service levels and greater forecast accuracy at scale.
Many businesses today have a basic forecasting discipline in place but have outgrown existing (often manual) processes for managing pricing scenarios. They require a price-adjusted forecast to align inventory decisions with marketing campaigns. Pricing and promotion analysis augments your core demand and inventory planning solutions by accepting a basic demand forecast as input, modeling the impact of changes in price, then generating a ‘promoted’ forecast based on anticipated sales lift.
Time series forecasts can mask sudden shifts in demand. Moreover, the data latencies and loss of granularity in complex, multi-tiered supply chains make accurate forecasting more difficult for planners. Causal forecasting improves forecast quality by isolating actual demand signals from market ‘noise’. Causal forecasting leverages machine learning techniques to uncover complex patterns that are often missed, helping supply chain professionals focus on data that matters.
Today’s consumers are demanding products with more innovation and environmentally conscious options. Product life cycles are shorter and more frequent as a result. As companies increase the rate of new product introductions (NPIs), many are stepping up the retirement of other items. The need for demand visibility is growing exponentially as manufacturers, distributors and retailers all try to ensure successful product launches and maximize margins from product sunsets. From product launch to product retirement, Logility’s solution for life cycle planning enables you to forecast market demand for items with little or no performance history to build on.
Accurate demand planning and the visibility to make early product sourcing decisions are crucial to driving supply chain efficiencies and boosting profitability. However, for items that serve a variety of markets and come in an array of configurations, many companies struggle with the complex task of disaggregating forecasts from the product level to the SKU or even more granular level. Proportional profile planning creates disaggregation profiles that improve forecast accuracy at the granular attribute level and closes the gap between demand planning, supply, sourcing and production planning.