SOLUTIONS
DemandAI+
A powerful new way to collaborate with AI-first driver-based forecasting for better demand plans and higher forecast value added.
Traditional demand forecasting methods fail to produce accurate results in today's dynamic markets.
Traditional demand forecasting methods utilize best pick statistical models that need reliable historical data to produce accurate results. In today’s dynamic environment of near constant new product introductions and high impact global supply chain disruptions, the past often doesn’t reflect the future. Layering AI on top of inaccurate statistical forecasts can help offset the inaccuracies to a degree, but it doesn’t go far enough. That’s why clients leverage the AI-first capabilities of DemandAI+.
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DemandAI+ revolutionizes demand planning for faster decisions that can boost revenue.
DemandAI+ offers an exciting new way to swiftly react to sudden changes in demand for better inventory management. DemandAI+ starts with advanced AI techniques at the very beginning of the forecasting process using an ensemble approach that ensures the most accurate forecast — even with unreliable or limited historical data. Instead of subjective and siloed process, DemandAI+ shifts the collaboration process to focus on demand drivers including promotions, events, seasonality and trends.
Clients using DemandAI+ have reported:
– 15-30% reduction in forecast error
– 70% savings in weekly planning time
– Revenue increases up to 4% and EBITDA up to 10%
– Customer service improvement up to 3%
AI-First Demand Planning: How Human-Machine Collaboration Cuts Costs, Error, and Implementation Time
Advancements in technology, in particular scalability and faster access to numerous forms of data, have enabled and created exponential growth in AI adoption across supply chain organizations.
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