Chemical manufacturing
There's a more effective approach to accurately determine where to allocate your resources.
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Use cases
Accurately forecast demand months ahead with improved forecasting accuracy
Schedule a session
01
Get an accurate overview of where demand is headed for each of your end markets
Assessing your total demand becomes more complicated when serving several end markets.
No more puzzling together different sources of intelligence.
Instead, use one tool to forecast demand for all your end markets.
02
Identify the relevant leading indicators for each end market
Different end markets have different market drivers.
By identifying the leading indicators relevant to each, you get the full picture of the dynamics driving demand.
03
Detect shifts in each market
months ahead
By understanding the demand dynamics of each market,
you gain the ability to detect the market trend shifts related to each end market.
Use cases
Accurately forecast demand
months ahead with
improved forecasting accuracy
01
Get an accurate overview of where demand is headed for each of your end markets
Assessing your total demand becomes more complicated when serving several end markets.
No more puzzling together different sources of intelligence. Instead, use one tool to forecast demand for all your end markets.
02
Identify the relevant leading indicators for each end market
Different end markets have different market drivers.
By identifying the leading indicators relevant to each, you get the full picture of the dynamics driving demand.
03
Detect shifts in each market months ahead
By understanding the demand dynamics of each market, you gain the ability to detect the market trend shifts related to each end market.
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Accurately
forecast demand months ahead with improved forecast accuracy
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Accurately forecast demand months ahead with improved forecasting accuracy
Get an accurate overview of where demand is headed for each of your end markets
Assessing your total demand becomes more complicated when serving several end markets. No more puzzling together different sources of intelligence. Instead, use one tool to forecast demand for all your end markets.
Identify the relevant leading indicators for each end market
Different end markets have different market drivers. By identifying the leading indicators relevant to each, you get the full picture of the dynamics driving demand.
Detect shifts in each market months ahead
By understanding the demand dynamics of each market, you gain the ability to detect the market trend shifts related to each end market.
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.
They 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.
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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.
Indicio helps you select indicators that provide the earliest signals, especially if you are in the early stage of the supply chain. Get 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 such as diversifying suppliers, maintaining safety stock, and implementing contingency plans.
Detect market trend shifts ahead of timeAnticipate market trends and technological shifts through and make informed decisions about research and development investments, product diversification, and resource allocation.
Book a demoWe cover the key leading indicators for a scope of industries ranging from industry to commodities.
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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.
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