Chemical manufacturing
There's a more effective approach to accurately determine where to allocate your resources.
Use cases
Accurately forecast demand months ahead with improved forecasting accuracy
Schedule a demo
01
Get an accurate overview of where demand is headed
No more puzzling together different sources of intelligence.
Instead, use one tool to forecast demand for all your end markets.
Build demand forecasts in a few clicks, and easily update them.
02
Identify the leading indicators relevant to your market
With seamless access to multiple data sources in Indicio, easily identify which leading indicators have the most bearing on your main variable (demand or sales).
Get the full picture of the dynamics driving demand.
03
Detect market trend shifts
months ahead
By understanding the demand dynamics of each market,
you gain the ability to detect the market trend shifts related to your industry.
.jpg)
Time taken to
identify most
relevant indicators
No. of leading
indicators tested
MAPE
forecast
accuracy
There is a significant relationship between housing starts and the production of non-durable goods in the chemical industry.
When housing starts rise, it signifies an expanding construction sector, which leads to an increased production of non-durable chemical products to support the building & maintenance of new residential properties.
The leading index is designed to predict changes in economic activity before they occur in other lagging indicators.
When the leading index shows a positive trend, it suggests favorable economic conditions, such as increased consumer demand, investment and growth.
They do not typically have a direct causal relationship.
However, its relationship with automotive production or sales of automotive chemicals is a factor that is worth considering.
Use cases
Indicio provides you with a clearer understanding of your future demand by identifying your relevant market drivers, to ensure you successfully optimize the allocation of resources, optimize your procurement strategies and benefit improve cost efficiency.
Improve contingency plansPlay out different scenarios in Indicio to stay prepared for potential disruptions so you can take proactive measures like diversifying their supplier base, and optimizing inventory management to minimize the impact of supply chain disruptions.
Detect market trend shifts ahead of timeBy anticipating market trends and technological shifts using Indicio's multivariate modeling will give you an advantage in estimating demand for new vehicle models, enabling manufacturers to make informed decisions about production volumes, marketing strategies, and inventory management for successful product launches.
Book a demoThey had an inability to allocate resources
efficiently due to little clarity over market shifts
With Indicio, they could now determine the key leading drivers that would impact their chemical production, and successfully improved their
forecast accuracy.
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.
We cover the key leading indicators for a scope of industries ranging from industry to commodities.
.jpg)
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