Demand Forecasting


Project Information

Demand forecasting calculation based upon historical sales.

Description

This project focused on the implementation of a series of statistical models in order to forecast the demand of our client products.

Project Benefits / Impacts

With the beginning of the tool usage, the accuracy of the demand forecast raised significantly. With the use of statistical models, the products purchase became more assertive, generating a better stock control. The stock policy fell, reducing the costs and leading to a better financial planning. In addition, the time of the forecast generation process has dropped dramatically, giving the employees more time to evaluate each forecast and make the necessary changes and fine adjustments.