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Your Complete Guide to Probabilistic Forecasting

From quick videos to in-depth blogs, from guides to step-by-step webinars, we’ve got the right resources to help your team explore the function and value of this efficiency-driving, AI-powered forecasting technology.

Industry Leaders that Trust ToolsGroup Probabilistic Forecasting

From bottom lines to environmental impact, probabilistic forecasting delivers real-world business benefits.

90+%

Product availability

20 - 30%

Reduction in inventory

10 - 30%

Less waste

40 - 90%

Reduced team workload

90+%

Product availability

20 - 30%

Reduction in inventory

10 - 30%

Less waste

40 - 90%

Reduced team workload


THULE

Challenges
  • Seasonality and intermittent demand
  • An expansive network that serves 28,000 customers in 140 countries
  • SKU proliferation
  • Manual forecasting tools that couldn’t cut it
Results
  • Increased service levels from 80% to 92%
  • Lowered inventory investment / Freed up working capital
  • Regained control of complex network during a period of growth
  • Enabled more effective reporting

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

Melita

Challenges
  • 14 local sales location using different planning and forecasting processes for 6,700+ SKUs
  • Needed to streamline processes and use company resources more sustainably
  • Inefficient S&OP process
Results
  • Increased statistical forecast accuracy by 3.2% (KPI: WMAPE) in the first six months after go-live of the pilot in France
  • Standardized and centralized collaborative planning process
  • Manages promotions more efficiently

We have been able to really standardize and centralize the whole S&OP process much more efficiently and with many more users than before. The combination of a leading system component with powerful algorithms, plus an easy-to-use web interface to collaborate with our European commercial teams, really unlocks full potential to be fully demand-driven.

Ibrahim Cebban, Supply Chain Manager Europe

KIKO Milano

Challenges
  • Tremendous growth of new stores
  • Fast evolving market; new trends, products,  and requirements
  • Highly competitive industry
  • Complexity of promotions, seasonality, new sales channels
Results
  • Improved forecast accuracy including seasonality of products and stores
  • Achieved precise management of retail promotions and product launches
  • Increased planner productivity with automated exception management

Our previous systems were not able to deal with these complexities; with SO99+ we are finally able to precisely manage promotions and product launches.

Gianmarco Mangili, KIKO Milano Planning Director

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