hours of research and development spent on creating algorithms for efficient inventory management

You can't forecast
demand without considering risks

But that's just what classical models do. Giving a one-number forecast means taking a risk every time you place an order. Warehouses can end up overfilled, products expire on the shelf, you exhaust working capital, costing your business money.

Forecast NOW! forecasts demand and product stocks for real businesses

Business is the art of risk management, and good planning therefore requires a model that accounts for even the most unlikely of events. ForecastNow's advanced engine accounts for the risk of shortages, expired inventory, late fees, carrying costs, and the time value of money.

Forecast NOW! uses exact delivery dates for goods in transit to avoid surplus inventory.

Forecast NOW! uses the exact dates of receipt of products from the supplier and warehouses to forecast stock levels, and automatically adjusts expected dates in the event of a delay or change order.

Automated Ordering and Inventory/Supply Planning.

PURCHASES DEPARTMENT

finance department

Forecast Now! automatically makes orders for procurement departments while taking into account transport and financial restrictions in order to maximize profit and sales.

Forecast NOW! allows finance departments to generate long-term plans accounting for budget, warehouse capacity, transport loads, and receiving inspection.

Factors in seasonality to provide forecasting for both weekly and monthly timeframes

Automatically incorporates seasonal variations and trends based on historical data. You can specify monthly, weekly or intra-weekly seasonal fluctuations.

Accounts for market cannibalization during and after promotions.

It automatically calculates the performance of promotions. It predicts how future promotions will affect demand, and it will take this into account when placing an order.

Helps with distribution of stock between regional and main warehouses even when there is a stocking shortage.

It calculates internal movements based on transportation costs, price differences, surpluses, and product shortages.
It will distribute scarce stock at distribution centers across regional warehouses in order to improve availability and increase profits.

It will coordinate the demand forecast with the sales department.

Forecast NOW! can forecast demand in both physical and monetary units, estimating sales based upon user-input parameters and calculating the needed inventory level for a desired sales target.

It will generate warnings whendemand is unusually low.

Forecast NOW! helps identify avoidable inventory shrinkage (failure to place products on shelves, resorting, product defects, etc.) and the lost profits that can result, and accounts for product display and visual merchandising criteria.

Proactive security monitoring and error prevention

All employee actions are logged to allow retracing and verification..
All data that is automatically loaded from sales tracking systems will be checked for integrity and accuracy.
Forecast NOW! is a desktop solution, meaning third parties do not have access to any of our customers' personal or business data.

Combines the benefits of an off-the-shelf system and a customized solution.

Out-of-the-box Modeling

Forecast NOW! uses advanced algorithms that we have developed and continuously improved for more than 10 years. It is a turnkey solution that is fast to deploy, and it takes into account hundreds of scenarios that have been tested on more than 70 deployments.

Customizable User Interface

The program adapts to your business processes. You can configure the supply chain network configuration, distribution centers, order frequency, and dozens of other subtle details in the interface.

Forecast NOW! algorithms work better than competitor algorithms for the fast moving consumer goods (FMCG) market segment.

Why do we compare forecasts in monetary terms?

The short answer is that this more accurately captures how business is really done. You can't really talk about the accuracy of an algorithm without taking into account the cost of products and the company's actual losses from errors. We also check the soundness of the safety stock that has been formed on the basis of technological recommendations. The algorithm may seem effective, but in fact it will build up a 70% excess stock and burn through the company's budget.

We can deploy the program in just 1.5 months, including testing and training.

During the initial stages we will conduct a demo of the program and a simulation in order to calculate the actual savings from deployment.

We help install the program on the customer’s server and integrate it with the sales accounting system.

We single out typical operations for each type of employee: stock managers, buyers, and IT specialists, and we train them in how to work with the program using real data.

Curious to know how we can help your company? Just fill in the contact form and one of our managers will get in touch with you shortly to discuss your needs and challenges and how effective a solution ForecastNOW can be for you!

We will leverage your sales data to run a demo model to give you insight to how much more profitable your business could be with Forecast NOW!

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