GoodsForecast: AI-driven solution for demand forecasting and supply chain management
Improve forecast accuracy by 25%, optimize inventory turnover by 9%, and reduce operating costs
The GoodsForecast models based on combination of AI and classical algorithms significantly improve company efficiency thanks to accurate demand forecasting, stock level optimization and production plan optimization.
PLANNING
Demand forecasting
Machine learning models with multiple forecasting methods
DISTRIBUTION
Supply management
Full scale production and shipment plan optimization
REPLENISHMENT
Inventory managemen
Unique methodology of safety stocks calculation and automatic ordering
SCHEDULING
Detailed production planning
Optimal real-time costs and performance plan based on AI algorithms
ADVANTAGES
SOPHISTICATED ALGORITHMS
TOP-3 company in M5 Forecasting Competition (estimate the uncertainty distribution of Walmart unit sales) among well-known tech companies’ teams
ACCESS CONTROL
Grant permission to specific team members and always know who's working on what
COST MANAGEMENT
Effectively monitor manufacturing costs and determine the root causes for cost variances
CUSTOMIZABLE SOLUTION
Can be integrated in different supply chain management processes
TRANSPARENT S&OP
Full visibility control of material and products flow across the organization and even global supply chains
IMPRESSIVE RESULTS – YOU CAN GET UP TO:
| 30% | Forecasting accuracy improvement |
| 50% | Promo forecasting accuracy improvement |
| 5% | Margin growth |
| 20% | Stock reduction |
| 25% | Production costs reduction |
DASHBOARD
- Detailed information of each recorded event in real-time (day/hour)
- Revision checkpoints; avoiding the human factor in inaccurate information
- Holistic inventory risk management with the optimal data-driven recommendations
