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Powerfully Simple Demand Collaboration

Too often demand collaboration simply means sharing the responsibility for a bad forecast. Not with us.

ToolsGroup’s Demand Collaboration Hub (DCH) creates forecast accuracy statistics for each data source, providing an objective basis for continuous improvement by assigning more weight to sources that provide more accurate forecasts. It can compare and evaluate the accuracy of up to five sales forecasts input from a department, POS data or any other source. This unique approach quickly improves forecast accuracy, mitigates forecast bias, and reduces ‘bargaining’.

DCH is a web-based consensus forecasting platform that complements demand forecasting by bringing together demand and forecast data from multiple stakeholders. It is a native web application which can be used from most operating systems (Windows, MacOS, Linux) and browsers and even tablets and computers with tactile surfaces such as iPhone or Android. It provides a simple-to-use environment where even inexperienced users can collaborate in the forecast planning process.

DCH supports both internal sources (such as marketing and sales) and external sources (such as partners, retailers, distributors or suppliers). After Demand Forecasting provides the baseline forecast, DCH users add their market knowledge by making changes to this forecast. Users can be salespeople, partners, customers, or any other stakeholder, enabling even casual users to add market intelligence.

The net result is a single consensus forecast among participants, minimizing inter-departmental differences, which can then be fed back to operations for execution and can also be used to facilitate an S&OP (Sales and Operations Planning) process.

Read Case Study Industrial Products
Read Brief Demand Collaboration Hub
Watch Video How Statistical and Collaborative Forecasting Go Hand-in-Hand
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