Demand Modeling and Forecasting

Understand how external factors influence your demand to increase forecast accuracy

Challenge:

Demand planning approaches that rely on historical sales, with no consideration of external causal factors, are insufficient. It’s impossible to predict the impact of external factors and changes in economic conditions. This issue is exacerbated by demand instability amid rising consumerism, shrinking product life cycles and SKU and channel proliferation.

Solution:

With access to over 550,000 time series data sets of external causal factors including weather and economic data, LLamasoft’s Demand Guru enables you to master demand attributes, drivers and variables for more accurate projections and confident decisions. Traditional statistical forecasting techniques are augmented with significant use of machine learning to drive substantial improvements in forecast accuracy.

  • Double-digit percentage gains in forecast accuracy
  • Ability to determine which external factors exert the most influence on demand
  • Reduced working capital and improved asset utilization

Harness the power of machine learning technology to identify the real factors impacting demand – going far beyond traditional forecasting methods to enable dramatically better predictions of future demand.

Better insights = proactive decision-making to power innovation

With LLamasoft, you’ll unlock an interconnected intelligence across supply chain functions. Using the industry’s most comprehensive set of powerful analytics and scenario testing, you’ll have the data and insights to make real-world decisions without constraints, enabling support innovation and transformative growth.

See Solution Case Study

Ready to learn more?

Request a live demo with the LLamasoft team.

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