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Predict More Behaviors
The real world rarely lives up to your single-number forecast…
You do the math. You get your target forecast number. You know exactly how many units you need to meet demand. Except … demand for this particular product is starting to vary wildly between SKUs. And you can’t forecast down to the SKU level. Combined with a flash flood and a last-minute promotion that just threw all your predictions off. No single-number forecast can account for this much variability. Traditional demand forecasting simply can’t keep up. With ToolsGroup you can:
- Move beyond single-number forecasts by identifying a range of outcomes and the probability of each of those outcomes occurring
- Better predict the unpredictable by factoring in key causal data including promotions, social media, weather, new product introductions and more
- Automate demand forecasting to eliminate constant human intervention
- Tap into the power of machine learning to continually improve your demand model
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