Demand Planning & Forecasting Software
The real world rarely follows the rules, so your demand forecast needs to be ready for anything. From multi-echelon global supply chains to SKU proliferation and intermittent demand, our solution combines probabilistic demand forecasting and machine learning automation to overcome challenges that traditional single-point demand forecasts cannot. The result? Improved forecast accuracy that maximizes inventory optimization, guides supply chain planning, curtails demand uncertainty and increases demand planner productivity.
Unpredictable demand? Bring it on.
Overcome uncertainty with enhanced demand planning
ToolsGroup’s probabilistic demand planning software provides a range of possible outcomes and their likelihood of occurring. This gives you a more accurate view of future demand, so you can make the best possible inventory and supply chain decisions–even in highly uncertain environments.
Machine learning further augments your demand planner forecast, modeling internal sources of customer demand that include promotions, recurring patterns such as seasonality, and external inventory optimization factors such as weather.
Improve demand forecasting accuracy
There are more product variations on the market than ever before, which increases demand variability, inventory risk, and the need to accurately forecast demand in assortment planning. ToolsGroup’s uncertainty modeling is uniquely capable of handling such intermittent, or “long tail,” demand patterns by analyzing both historical data and the associated demand drivers.
Automate planning to increase productivity
Because our machine learning engine incorporates deep learning, the models “learn” from existing historical data and accurately identify future demand trends. The demand planning software leverages the knowledge, experience and skills of demand planners and other supply chain experts, acting as an intelligent assistant that helps you execute the demand planning process much more effectively — and with improved inventory forecasting.
Decrease lost sales
ToolsGroup demand forecasting software captures the true history of demand, not just sales. This means, when assessing future demand, you can accurately identify past periods of insufficient stock, calculate the lost sales as a result and get a full picture of how to fix this in future demand planning.
Now we can focus on more added-value work because the data crunching doesn’t consume any time on our end. It’s a good interaction between humans and machines. We let the machines do the dirty job, the one where humans don’t add value and actually sometimes get things wrong."
Ilaria Maruccia,
EMEA WG&PGA SIOP Manager
- Reduced inventory by 15 percentage points
- Boosted service levels by 10 percentage points
- Improved 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%
- Lowered inventory investment and freed up working capital
- Regained control of complex network during a period of growth
- Enabled more effective reporting
Demand forecasting and planning features
Probabilistic demand modeling and forecasting
ToolsGroup’s probabilistic demand planning software provides a range of possible outcomes along with their probability of occurrence. Our demand modeling then lets you layer demand sensing insights atop the statistical forecast, giving you a demand plan that optimizes each SKU against target service levels. You get operations planning and sales forecasting you can trust for your demand management and operation planning needs.
Demand planning
ToolsGroup seamlessly integrates both bottom-up and top-down planning. Our demand planning tool gives you an accurate forecast for inventory optimization, and a planning process you can trust. Enjoy the freedom to focus on the areas of inventory management that matter the most, using analytics to identify demand drivers, understand the impact of seasonality, and improve your overall inventory management.
Demand collaboration
Our Demand Collaboration Hub combines demand and forecast data from multiple sources. The user-friendly environment empowers even inexperienced or casual users from inside or outside your organization to easily collaborate and participate in the demand planning and forecasting process.
Promotions, seasonality and new product introductions
Our demand forecasting tool harnesses machine learning to reliably support operational planning for new product introductions, seasonal demand and promotions planning.