Intelligent Demand Forecasting
Intelligent demand forecasting
Improve your production planning, optimize your inventory, and lower your total cost of supply chain ownership with fast and accurate forecasts. Lingaro’s data science expertise and technical capabilities allow you to translate your existing data streams – even those optimized for or stored in SAP and Excel spreadsheets – into demand forecasting that is more accurate, adaptive, and automated than ever.
Legacy forecasting tools fall short
ERP systems and Excel spreadsheets cannot cope with vast volumes of data
Big data means big opportunities for more accurate demand planning forecasting. But legacy enterprise resource planning (ERP) systems like SAP and archaic Excel spreadsheet formulas weren’t designed to capture these opportunities with today’s volume of data. In a high-stakes business environment where small oversights or miscalculations can cause losses worth millions of dollars, approaches based on switching between several forecasting and analytical systems are a liability. They take time, invite human error, do not scale easily, and cannot adapt to new trends.
Unlinked data silos with poor access to data diminishes forecast accuracy
Especially when enterprise data is siloed across various teams and systems, highly manual processes cannot accommodate all relevant data sources. This delivers subpar forecast accuracy.
Users are slow to adopt complex, inflexible solutions
Expensive off-the-shelf solutions are often hard to adapt for specific business needs and have complicated interfaces that discourage a significant number of an organization’s planners. With such solutions, demand planning processes can lack uniformity across a company and fail to fully optimize inventory management.
Improved forecasting with Advanced Analytics and Artificial Intelligence
Understand the key drivers that are making or breaking your supply chain with greater forecast accuracy Thanks to machine learning and advanced analytics, demand and financial planners can access, manage, and compare virtually limitless amounts of data and demand factors. Intelligent demand forecasting automatically makes sense of these massive datasets more quickly and efficiently than could have been possible with a traditional system – or even imaginable with Excel spreadsheets.
Adapt in real time
Automatically recognizing emerging issues such as supply chain disruptions, competitive threats, and new channel opportunities, AI can help forecasters make today’s best decisions with today’s data.
Drive more value from more data
Relying on massive computing power to process a wide variety of business information from multiple sources, effective AI ensures that growing data volumes lead to growing business value.
Focus on the decisions that matter more
AI frees planners to work more on value-added strategic tasks and less on manual processes or deciding which data can support their goals or explain discrepancies.
A business-focused solution
A tailored solution ensuring great adoption and adaptation to current business needs.
Instead of an off-the-shelf offering not designed around your company’s unique business processes, we provide a full-scale production solution that introduce handpicked algorithms seamlessly into your day-to-day workflows. They include:
- Fully automated connections to existing IT infrastructure including SAP and manual input interfaces.
- Massive low-cost computing powerin the cloud that scales linearly as geographical markets expand and data sources multiply.
- A customizable user-friendly visualization layer for forecast performance monitoringand adjustment
- Advisory and support in the change management and adoption process.
Based on previous successes, we believe it’s realistic to expect as much as a 10% -20% increase in the forecast accuracy. Naturally, your exact results will vary. The bottom line is that data-driven demand forecasting will deliver a noticeably positive impact on your S&OP process.
- View products grouped by similar sales patterns and forecasts for products in various hierarchies.
- Cross-validate forecast results and adjust their weights for use in a library of state-of-the-art models and performance measures
- Start fast with fully automated layers with the option of manually overwriting forecasts or adding ad-hoc variables.
- Detect anomalies in categories requiring special attention and run scenario analyses to evaluate potential changes.
- Access large-scale cloud computing through a modern, user-friendlyfront end.
- Integrate architecture with existing S&OP process and into existing IT infrastructure including SAP connectors.
- Infrastructure cost optimization with cloud-based computing
- Fully secured and decentralized solution, far more reliable andup-to-date than an in-house system
- Lower lead times for forecasting and elimination of inefficiencies
The improved accuracy of cloud-computed forecasts produced leads to better demand planning and inventory optimization for all types of products, with:
- more efficiently
- more affordably
- less overstock and non-performing inventory
- more sales opportunities captured, and less stock-outs experienced
- improved customer service levels
Lingaro partners closely with you throughout the entire process, consulting on every step of the way and carefully tailoring our systems and strategies to your organization’s unique needs and challenges. We work in the iterative manner while delivering analytical projects following cross-industry standard process for data mining (CRISP-DM).
Lingaro supports the world’s most disruptive companies to reach their goal and potential
To help business decision makers overcome the challenges they face gathering, handling,and consuming data, Lingaro offers technology-agnostic, cost-effective solutions based on:
- Time series forecasting built and tested for maximum predictability
We develop innovative time series forecasting solutions relying on an eclectic knowledge of forecasting techniques. These include algorithms not originally intended for time series analysis and novel data preprocessing. We also test them with multiplevalidation periods to maximize predictability under a wide range of conditions.
Proven capabilities to integrate data from any source
Whether your data lives in ERP or CRM systems, external repositories, images, feeds, or social media, we can bring it all together so you can make sense of it. Successes include data lakes deployment with terabytes of data flowing to 1000+ users in real time.
Decision-maker-friendly solutions with powerful data granularity
We use deep market knowledge to design solutions that help users make the right business decisions with all necessary information at one glance. We employ UX that reflects industry best practices and allows for intuitive navigation with various level granularity of presented data. We have broad experience in the creation of user-friendly dashboards for decision-makers based both on custom applications and off-the-shelf solutions such as Power BI, Tableau, Spotfire, Qlick and more.
24/7 DevOps that just work
We develop, maintain, and continuously improve cloud solutions with proven short time to recovery. With versatile specialists who both know your technology and understand your business.
Lingaro helps brands leverage intelligent forecasting to:
- respond faster to consumers
- minimize lost sales from out-of-stocks
- avoid losses from overstocks