With higher demand forecast accuracy, you can move at your own speed and make strategic production decisions.
Grounded on sound, unbiased data.
As the demand for your products is typically dictated by a partner’s expectations, how do you balance their estimates and your inventory level, and safeguard against fluctuations? One of these expectations could be wanting to ensure product availability from you as the supplier.
To stabilize the production line, and minimize under-or overproduction, you would need an independent and highly accurate forecast for the actual future sales volumes.
Through a model that predicts future sales based on leading indicators, it is possible to obtain an accurate forecast. One that will reflect actual customer demand, giving you an unbiased forecast that is independent of the vested interests of your partner.
We probably can’t do away altogether with end-customer demand variations, especially when these changes happen during the span of two weeks.
However, by planning ahead, you can buffer the impact of these potential shifts in a cost-effective way, and manage the impact of inconsistencies.
Improving the accuracy of your demand forecasting will reduce the level of stock needed, culminating in cost savings.
.jpg)
Time taken to
identify most
relevant indicators
No. of leading
indicators tested
MAPE
forecast
accuracy
This variable provides valuable insights into the expectations and sentiment of the manufacturing sector.
The production expectations captured in the industry survey reflect the anticipated level of manufacturing activity in the Euro Zone.
This variable typically does not have a direct causal relationship with the passenger car registrations.
However, its relationship with automotive production is a factor that is worth considering.
This variable provides insights into the intentions of individuals in the Euro Zone regarding car purchases within the next 12 months, which can directly impact new passenger car registrations.
Lorem ipsum dolor sit amet consectetur adipiscing elit volutpat ut volutpat nec at eleifend malesuada in sed maecenas odio a magna accumsan lectus.
Indicio advances our digital strategy of becoming a data-driven organization, producing accurate forecasts in a fraction of time.
Indicio tells us how our market will evolve 'without emotions' which aligns everyone from management to production.
Instrumental in helping us achieve higher efficiency in a short period of time.
Challenge
Minimize forecast error margin, and extend coverage of more markets for both demand and production.
Solution
Using Indicio, there is now a continuous forecasting minimized error margin, they've identified new and stronger market leading indicators, improving forecast accuracy, and have established a structured forecasting process for all markets.
Experience the ease and accuracy of Indicio’s automated forecasting platform firsthand. Click to start a virtual demo today and discover how our cutting-edge tools can streamline your decision-making process.
We are an automated forecasting software that bridges the latest statistical models from academia with the specific leading indicators in an organization's market environment. Helping your organization achieve the highest forecast accuracy.
© 2024 Indicio Technologies All Rights Reserved
.png)