What would you do if you could snap your fingers and realize your ideal manufacturing process? For some, it would be exceptionally efficient standardized workflows, reliable supply inputs, automated processes, & zero-waste manufacturing, resulting in a perfect just-in-time production with precise lead times. While most manufacturers are adept with lean methodologies and finding ways to optimize workflows, they struggle with unpredictable external variables; demand levels, labor shortages, material shortages, & supply lead times.
Amongst global raw material shortages and meeting production demand with a limited labor force, creating an efficient and accurate demand planning process is one of the biggest issues manufacturers NEED to address. This process needs to synchronize production data, historical order patterns, and external influences with an acceptable forecast accuracy for each product SKU. The immediate solution for most is a spreadsheet database which quickly becomes unmanageable.
Wouldn't your time be better spent analyzing predictions for your most profitable SKU lines, finding new opportunities by understanding the variables that affect their demand, and negotiating with suppliers rather than micromanaging spreadsheet inputs?
We believe an essential step to realizing your ideal manufacturing process is adopting AI-optimized demand forecasting solutions for accurate item-level demand forecasting. This technology equips your team to synchronize outputs with custom safety-stock levels to automate inventory replenishment. It works by running each item's data through 14 leading demand forecasting algorithms and selects the best algorithm for optimal accuracy.
Improving demand forecast accuracy will immediately optimize your production processes and move your organization closer to your ideal manufacturing execution. To ensure the continued optimization of your forecasts, we also provide access to a group of talented: Supply Chain Analysts, Data Scientists, Software Engineers, Machine Learning Engineers, and API Integration Engineers, who are consistently analyzing to optimize the performance based on your needs.
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