Demand Planning & Forecasting Software
The real world is unpredictable, and your demand forecast needs to be ready for anything. Our software combines probabilistic demand forecasting and machine learning automation to overcome challenges like global multi-echelon supply chains, SKU proliferation, and intermittent demand. The result? Enhanced forecast accuracy, inventory optimization, improved supply chain planning, reduced demand uncertainty, and increased planner productivity.
Unpredictable demand? Bring it on.
Embrace unpredictable demand with advanced planning
ToolsGroup’s probabilistic demand planning software offers multiple potential outcomes along with their probability of occurrence. This provides you with a more accurate view of future demand, enabling better decisions for inventory management and supply chain planning, even in uncertain environments.
Machine learning further enhances demand forecasting by modeling internal and external factors, including promotions, seasonality, and external influences like weather.
Improve demand forecasting accuracy
With a growing variety of product assortments in the market, demand variability and inventory risk are increasing. ToolsGroup’s uncertainty modeling is uniquely capable of handling the intermittent, “long tail” demand patterns by analyzing both historical sales data and the underlying demand drivers, ensuring better assortment planning and inventory optimization.
Automate planning to increase productivity
Our machine learning engine uses deep learning to analyze historical data, accurately identifying future demand trends. The demand planning software leverages the knowledge and expertise of your team, acting as an intelligent assistant that helps you streamline the demand planning process while improving inventory forecasting and optimization.
Decrease lost sales
ToolsGroup’s demand forecasting software captures the real demand, not just sales. This allows you to identify past stock shortages, calculate lost sales, and adjust future demand forecasts to prevent recurring stockouts and optimize your inventory management.
Now we can focus on higher-value work because data crunching doesn’t take up our time. It’s a good interaction between humans and machines. – Ilaria Maruccia, EMEA WG&PGA SIOP Manager
Ilaria Maruccia,
EMEA WG&PGA SIOP Manager
- Reduced inventory by 15 percentage points
- Increased service levels by 10 percentage points
- Boosted planner productivity
The results we've achieved prove the merits of an automated, centralized planning approach rather than a manual, decentralized process. We are managing successfully during a period of high growth and still have control over our inventories."
Rickard Andersson,
vice president of supply chain
- Increased service levels from 80% to 92%
- Reduced inventory investment, freeing up working capital
- Regained control over a complex network during growth
- Enabled more effective reporting
Key Features of Demand Forecasting & Planning
Probabilistic Demand Modeling & Forecasting
ToolsGroup provides a range of possible demand outcomes along with their probability, offering more precise forecasting for inventory optimization and reliable sales and operations planning. Our demand sensing insights help fine-tune the statistical forecast, delivering demand plans that optimize each SKU against target service levels.
Demand Planning
ToolsGroup seamlessly integrates both bottom-up and top-down planning approaches. Our demand planning tool offers accurate forecasts to optimize your inventory management, helping you focus on key areas that matter most, like identifying demand drivers and managing the impact of seasonality.
Demand Collaboration Hub
ToolsGroup’s Demand Collaboration Hub aggregates data from multiple sources into one user-friendly platform. It allows both internal and external users, even those with limited experience, to easily collaborate and participate in the demand planning and forecasting process.
Promotions, Seasonality & New Product Introductions
Our demand forecasting tool uses machine learning to reliably support operational planning for new product launches, seasonal demand, and promotions, helping you make data-driven decisions.