Demand Forecasting becomes the start point for many key decisions including Product Pricing, Product Promotions, Production Planning, New Product Development etc. Collaborative Demand Forecasting increases the visibility and acceptability on the direction and course of action in the medium term.
Demand Forecasting cannot merely be approached using just statistical techniques. Since Demand is an outcome of a number of factors, the statistical forecast becomes the starting point based on which the Sales team on the ground create the Bottom Up Demand Forecast.
This in itself may not be sufficient as it could fall short or not in consonance with the firm’s business / operational plan wherein there has to be provision to normalise demand from statistical forecast and bottom up forecast to be in line with the top down forecast.
Our solution uses both qualitative and quantitative methods to create a Demand Forecast.
On the quantitative side, we have integrated the powerful R Statistical and Graphical Modelling tool that enables the application of a variety of statistical techniques in different situations.
On the qualitative front, our solution facilitates collaboration with sales people and also allows custom data measures that help capture the qualitative aspects of Demand Forecasting.
Additionally, the facility to define different hierarchies of Products, Supply Chain, Organization Structure is also provided so that data can be spliced in a form specific to the organization.
Indus Momentus Business Solutions
105, The Central, Shell Colony Road
Near Chembur Station
Chembur (East), Mumbai – 400071
Phone: +91- 9821059033 / 9769957283