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Demand Forecasting

The increasingly competitive retail environment means that companies must simultaneously reduce operating costs, improve customer services and be able to react to shorter and more complex demand cycles of the modern consumer. Without the right tools, companies can often achieve one or two of these metrics, but often at the expense of the others.

 

These challenges create a set of complex algorithms impossible for buyers to compute on paper or by just using a spreadsheet tool. Instead, buyers can rely on NCR’s demand forecasting solution, a robust warehouse replenishment tool specifically designed to meet the challenges of the food industry. With NCR, buyers can reduce on-hand inventory, increase order fulfilment rates and reduce their average inventory costs.

Features
  • Forecasting algorithms consider demand history, seasonality, promotions, and other key factors
  • Creates orders based on vendor funding, deliveries, history and load building
  • Investment buying simulations and other what-if analysis
  • Analysis dashboards
  • PO management, review and approvals
  • What-if analysis for order optimization
  • Supports inventory transfers
  • Vendor score-card analytics
  • Integrates with Power Warehouse, Power Enterprise and other 3rd party solutions
Benefits
  • Reduces average inventory costs
  • Improves buyer efficiency and productivity
  • Accurately forecasts demand
  • Optimizes on-hand inventory
  • Raises service levels by ensuring products are on the shelf
  • Maximizes margins by enhancing investment buy decisions

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