Have you ever felt that spending endless hours organizing forecasts in Excel is a drain on your valuable time? In today's fast-paced business world, traditional forecasting methods are often outpaced by real-life complexity. Dataspectum Demand Forecast—a state-of-the-art solution that harnesses the power of artificial intelligence to transform your demand management approach.

Many companies still rely on manual forecasting methods—two specialists meticulously verifying data, constructing forecasts, and planning production schedules. However, forecasts projected beyond a week often fall short in accuracy because they struggle to account for the multitude of influencing factors by hand. This not only results in wasted resources but also leads to costly planning errors. Dataspectum Demand Forecast addresses these challenges by automating the process, thereby increasing accuracy and reducing operational inefficiencies. In one case, a client managed to cut their specialists’ working hours by 40% and boost planning precision by 30%.

Dataspectum Demand Forecast is delivered as a SaaS product, requiring initial model training on your data and integration with your existing information systems. Our comprehensive and flexible implementation process is designed to align perfectly with your business needs:

1. Business Immersion: We begin with a consultation to understand your goals and current forecasting practices.
2. Data Preparation: Your team supplies historical sales, inventory, and promotional calendar data. We then audit these details and offer insights to improve data quality.
3. Pilot Testing: A model is developed and rigorously tested on real data to gauge its accuracy and adaptability.
4. Integration and Refinement: Following a successful pilot, the model is seamlessly integrated into your infrastructure, tailored to your specific requirements.
5. Ongoing Support: Our commitment doesn’t end at integration. We continue to support and update the system to maintain forecast relevance.

The cost of implementing Dataspectum Demand Forecast varies according to the scale and complexity of each project:

• Pilot Project: An initial, modest investment is made for data analysis, preliminary testing, and model development.
• Full Implementation: For comprehensive deployment, costs depend on data volume, integration requirements, and necessary support services. This package includes developing systems for data reception, validation, and storage.
• Subscription Model: The final monthly fee is determined by the number of objects (such as stores, clients, or sales channels) and SKUs in your network. For example, if you have 500 SKUs, 200 clients, and 1,000 delivery points, the estimated budget might be around 1,500 EUR per month, based on your forecasting frequency and horizon requirements.

Designed to handle large volumes of data, Dataspectum Demand Forecast is equipped to process thousands of SKUs and multiple delivery points simultaneously. The solution also provides individualized forecasts at both the SKU and location levels. The forecasting model is updated daily to reflect the latest changes, with the forecasting horizon customizable to meet your business needs:

• Short-term: Daily forecasts aid in stock replenishment at the point-of-sale.
• Mid-term: Monthly or quarterly forecasts support efficient logistics and production planning.
• Long-term: Forecasts spanning six months to a year facilitate strategic planning across the enterprise.

By integrating Dataspectum Demand Forecast into your operations, you not only keep production aligned with actual market demand but also substantially reduce the risk of overproduction and excess inventory. Furthermore, eliminating product shortages leads to an enhanced customer service experience—ensuring that your clients receive the goods they need when they need them.

The journey to smarter forecasting and enhanced production planning is straightforward:

1. Schedule an Initial Meeting: Start with a detailed discussion of your objectives and challenges.
2. Prepare Your Data: Gather all necessary historical and operational data for analysis.
3. Launch a Pilot Project: Evaluate the system’s performance in a real-world scenario.
4. Integrate the Solution: Once testing is successful, fully integrate the model into your operations.

Dataspectum Demand Forecast is more than merely a forecasting tool—it’s an innovative approach to transforming your business into a flexible, modern, and efficient operation. By automating and refining your forecasting process with AI, you can overcome traditional limitations, save resources, and significantly improve service levels. Ready to elevate your demand management strategies? Contact us today to explore how Dataspectum Demand Forecast can bring your business into the future of production planning.