Forecasting & Demand Management is an essential part of business planning. Statistical forecasts provide a first step towards a reliable prediction of what the future will bring, by identifying trends, patterns, and business drivers within historic data.
Using a structured approach, statistical forecasting techniques add value by increasing efficiency, reducing resources, increasing transparency, and increasing forecast accuracy.
Tobias Kraft, Demand Manager at AkzoNobel Automotive & Specialty Coatings, shares his experience of using focused enrichment on a high-quality statistical baseline forecast, facilitated by a fit-for-purpose enrichment tool and actionable reporting in Jedox provided by EyeOn Planning Services. “Our enrichment process, powered by EyeOn Planning Services, helps us to achieve forecast improvements even in today’s hectic times.”
Our Fast Forecast Scan gives quick insight into the characteristics and forecastability of your business. It provides insight into the maximum statistical forecast accuracy that can be reached and the improvement potential versus current forecasting performance. The scan supports you to quantify potential service level improvement, inventory reductions as well as efficiency gains in your forecasting process.
As part of the demand planning cycle, statistical forecasts are reviewed and enriched with market intelligence. Planning Services offers a cloud-based demand management tool, based on Jedox technology, as an affordable solution to execute exception based demand reviews and easily consolidate enriched forecasts.