Demand Planning and Forecasting
GAINS Demand Planning & Forecasting Software: Drive better outcomes with AI-driven demand forecasts.
Stay ahead of dynamic shifts in demand with advanced demand planning and forecasting that recognizes patterns, senses change, and applies machine learning to recommend an optimal plan.
A leap forward for forecasting demand.
Right-size your inventory.
Free up working capital by carrying the optimal amount of
inventory required to meet customer demand. Gain insight into potentially millions of SKUs and recognize the right time to restock, redistribute, or reprice items.
Model, analyze, and simulate to anticipate issues.
Create advanced simulations that reveal the impact of promotions, historical demand, interest rates, seasonal cycles, and competitor performance. Apply sophisticated algorithms and machine learning to aid in selecting the most plausible model. Reduce latency in decisions that spike inventory costs or diminish service levels.
Automate routine planning activities.
Keep planners out of the weeds. GAINS automatically detects exceptions, anomalies, and outliers caused by promotions, seasonality, and more. Spend less time buried in data and manually identifying exceptions — more time making crucial decisions that address overspending and underperforming areas.
Core Features: what’s included
Pattern detection powered by Machine Learning
Learning from observed and historical demand drives continuous accuracy improvements. ML predicts changes in demand from internal and external data signals, automating and optimizing forecasts.
Product lifecycle catalog analysis
Inform tradeoff decisions regarding which products to develop, enhance, or sunset.
Flexible forecast summaries
Easy configuration to view short- and long-term forecasts using a layout that fits your business.
Advanced analytics for more accurate predictions
Selects the best and most plausible model based on deep statistical analysis. Enhances accuracy through the utilization of advanced statistical methods, incorporating various factors such as promotions, holidays, and new product introductions into the forecasting process.
Exception detection and planning
Detect anomalies and errors automatically without having to perform manual analysis.
Use AI to manage volatility, keep customers satisfied, and keep costs low through demand-sensing capabilities that stay ahead of shifting demands. These capabilities use sophisticated algorithms and machine learning to analyze data in real time, detect changes in demand patterns, and recommend optimal plans to meet customer needs efficiently.
Promotion and event planning
Identify the impacts of demand events and price changes to ensure you have the right stock to meet demand, incorporating events like promotions, holidays, and new product introductions into your plan.
FAQs
How can GAINS improve our customer demand forecasting accuracy?
GAINS enhances your customer demand forecasting accuracy through a combination of advanced technology, data-driven insights, best practices, and industry expertise. Here’s how:
- Advanced Analytics and AI: Our cutting-edge analytics and artificial intelligence (generative AI) to analyze historical data, identify patterns, and predict future demand with high precision. Our sophisticated algorithms continuously learn and adapt, improving forecasting accuracy over time.
- Integrated Data Sources: By integrating data from multiple sources, including sales, market trends, customer feedback, and external factors like economic indicators, we create a comprehensive view of demand drivers. This holistic approach ensures more accurate and reliable forecasts.
- Collaborative Forecasting: We involve your key stakeholders in the forecasting process, ensuring that insights from sales, marketing, and operations are incorporated. This collaborative, holistic approach aligns forecasts with real-world conditions and your strategic business plans.
- Real-Time Adjustments: Our demand planning tools allow for real-time adjustments based on the latest data and market changes. This agility ensures that your forecasts remain accurate even in dynamic market environments.
- Scenario Analysis: We perform scenario analysis to evaluate the impact of various factors on demand. This helps us understand potential demand fluctuations and prepare your business for different market conditions.
- Performance Monitoring: We continuously monitor forecast accuracy and provide detailed performance metrics. This allows us to identify areas for improvement and refine our models, ensuring sustained accuracy over the long term.
By leveraging GAINS’ expertise and technology, you can significantly improve demand forecasting accuracy, inventory management, and customer satisfaction and optimize your supply chain operations.
Can GAINS integrate external factors like market trends and economic indicators into its forecasts?
Yes, GAINS can seamlessly integrate external factors, such as market trends and economic indicators, into its forecasts to enhance accuracy and relevance. Here’s how we do it:
- Comprehensive Data Integration: We incorporate various external data sources, including market trends, economic indicators, seasonal patterns, and competitive activities, into our forecasting models. This provides a holistic view of the factors influencing demand.
- Advanced Analytics: Our advanced analytics tools process and analyze this external data alongside your internal data. By identifying correlations and patterns, we create more precise and insightful forecasts that reflect real-world conditions.
- Machine Learning and AI: Our models continuously learn from internal and external data using machine learning and artificial intelligence. This adaptive approach improves the accuracy of our forecasts over time as new information becomes available.
- Scenario Planning and Simulations: We perform scenario planning and simulations based on various external factors. This helps you understand potential impacts on demand and prepare for different market conditions, ensuring resilience and agility.
- Real-Time Updates: Our forecasting systems can be updated in real-time with the latest external data, allowing for dynamic adjustments to forecasts. This ensures that your demand planning remains current and responsive to market changes.
- Tailored Insights: We provide customized insights and reports highlighting specific external factors’ influence on your demand forecasts. We help you make informed strategic decisions and align business operations with market dynamics.
- Expert Consultation: Our team of experts works closely with you to interpret the impact of external factors on your forecasts and implement best practices for integrating this data effectively.
By integrating external factors like market trends and economic indicators, GAINS ensures that your demand forecasts are accurate and reflective of the actual demand. This leads to more effective demand planning, better inventory management, and improved overall business performance.
Related resources
Blog: 5 Key Elements of a Composable Supply Chain
Blog: Decision-Making is Undergoing Needed Changes
Blog: 5 Questions with a Supply Chain Expert: Jeff Gosz
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