This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Improve forecast accuracy to optimize inventory, resources, and sales
Demand forecasting is inherently messy business. You can plan diligently, but the fact is, orders frequently get canceled, demand surges unexpectedly, and production problems arise. Any number of scenarios can lead to a busted forecast. Wavicle’s demand and supply intelligence solutions account for forecasting uncertainties so you can improve the effectiveness of your decisions to better manage fulfillment and eliminate stock-outs, all with reduced working capital requirements.
“There are ways to increase the accuracy of forecasts so that they are of greater value to the business.”
— Patrick McDonald, Wavicle Data Solutions
Achieve a more accurate forecast to make smarter investment decisions
We combine an analysis of historical forecasts with the use of a champion-challenger model to arrive at a more accurate forecast that considers demand volatility. This model compares past performance against multiple potential future scenarios and chooses the optimal scenario as the champion. Insights from this process inform smarter investment decisions, leading to fewer missed sales opportunities.
Improve forecast accuracy with champion-challenger forecasting system
Optimize inventory and resources to minimize overstock and out-of-stock scenarios
Accelerate adoption of new forecasting models by enterprise stakeholders
Getting started
Assessment
In a short 4- to 6-week assessment, we assess your historical demand data and forecasts and provide a detailed report on inaccuracies. We then provide a challenger forecast with improved accuracy. The assessment includes a “value of information” model to explain how forecast accuracy relates to financial performance (typically through understanding stock-outs vs. overstocks).
Roadmap
We give you a roadmap to operationalize the solutions, including a detailed and measurable business case with clear metrics and a defined methodology for measuring results. We implement a challenger-champion forecasting system to improve forecast accuracy and help accelerate adoption by manufacturing and purchasing organizations to meet service levels without excess inventory.
Maintenance
On an ongoing basis, we’ll track and assess the performance of your forecast and support sales and operations planning.
Resources
case study
Vyaire Medical gets global sales, inventory, and forecasting insights with Amazon QuickSight
blog
Demand forecasting is always wrong: Three ways to thrive with forecast ambiguity
blog
Using big data to better predict your recovery: COVID-19’s impact on demand forecasting
blog
What is a customer? How simple questions get complicated by poor data governance
Data-driven demand forecasting.
Ready for a predictable forecast?
Our data and analytics experts are ready to help you unlock the power of data-driven demand forecasting.