EDIX CASE STUDIES
EDIX enables an industry leader
to improve demand forecasting
accuracy by 15%
know more
EDIX enables an industry leader
know more
Challenges
The complexity of sales and demand forecasting grows with the size of the enterprise and the required forecasting resolution, such as hourly. This complexity necessitates delegating forecasting activities to various stakeholders, leading to inconsistent, intuition-driven forecasting and planning activities, which fail to integrate real-time market changes.
- Siloed planning and decision-making due to inconsistent forecasts across various departments and locations
- Significant inefficiencies and missed opportunities due to inaccurate forecasting methods
- Reactive planning due to limitations of integrating real-time market changes
- Suboptimal demand planning activities resulting from the inability to streamline tailored forecasts for various business processes.
EDIX Value Delivered
Delivered Capabilities
- Better predictions through internal & external data fusion
- Accurate segmentation of locations, products, and more to improve forecasts
- Estimation of uncertainty intervals to improve the reliability of decisions
- Tailored forecasting resolutions (e.g., hourly) for different tasks
- Explainable demand & sales forecasts for clarity and confidence
- Robust forecast countering errors for continuous availability
- Tailored forecasting models for different business processes
- Real-time adjustments of forecasts based on changes and trends
Replaced Processes
- Manual forecasting processes prone to human error and bias
- Disjointed and isolated data analysis tools that do not integrate diverse data sources.
Impact
-
15%
Increase in Demand Forecasting Accuracy
Customer Benefits
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Higher Forecasting Accuracy
Enhance demand forecasting accuracy with high resolution (e.g., hourly) across countries, regions, stores, products, SKUs, and more.
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Better Decisions in Downstream Tasks
Make better decisions across your supply chain, inventory, staffing, and other functions with forecasts customized for each business process.
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Unified Forecasting
Eliminate over- and under-forecasting due to bias and intuition through standardized forecasts, ensuring consistent and cohesive planning for all.
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Risk Mitigation
Anticipate potential fluctuations and disruptions with forecasts that account for uncertainty, ensuring effective risk mitigation.
