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

Getting Started: Discover Probabilistic Planning

Click the resources below to take your first step towards lower inventory, happier customers, and better margins.

Check Out ToolsGroup’s Series on Probabilistic Planning

Join ToolsGroup’s Head of Research, Angela Ciliberti, for a deep dive into how probabilistic planning outperforms traditional methods amid uncertainty.

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
Learn more →

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
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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
Learn more →

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

Toolsgroup Solutions

What to learn more about how we help our customers sharpen their competitive edge with volatility-proof planning?

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