ThouSense is an AI/ML-based, easy-to-use SaaS platform that helps businesses worldwide predict short-term and long-term demand planning and forecasting. You can get automated and accurate demand forecasts of macroeconomic indicators, currency fluctuations, weather and seasonality patterns, etc. With historical sales data, it predicts future sales volume, anticipates demand trends and seasonality without compromising on accuracy. It also helps with financial forecasting, budgeting, scenario planning, and supply chain management for small-to-large enterprises.
• Free up planner capacity.
• Higher customer satisfaction index and brand reputation.
• Increase revenues and profits.
• AI-based forecasting achieves 99% accuracy.
• Reduce stockouts and inventory.
• Free up planner capacity.
• Higher customer satisfaction index and brand reputation.
• Increase revenues and profits.
• AI-based forecasting achieves 99% accuracy.
• Reduce stockouts and inventory.
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- The Future of Demand Forecasting with AI/MLDemand forecasting has historically been a crucial component of business planning, particularly for businesses that do manufacturing, management of supply chains, and retail. Demand forecasting has improved in accuracy and efficiency with the development of machine learning and artificial intelligence. We will talk about the use of AI and ML in demand forecasting in this article. A...0 Comments 0 Shares 1008 Views 0 ReviewsPlease log in to like, share and comment!
- From Historical Sales Data to Future Sales Projections: How ThouSense Makes It EasyForecasting is the technique of estimating and predicting future consumer demand for a good or service using prediction analysis of previous data. By anticipating future sales, demand forecasting enables organizations to optimize inventory. Demand managers may make well-informed company decisions about anything from inventory planning warehousing requirements to running flash sales and...0 Comments 0 Shares 1114 Views 0 Reviews
- Maximizing ROI with Better Demand PlanningThe idea is to identify the process management areas that need to be addressed and then define the related metrics that can be monitored and translated into ROI when a manufacturer must evaluate the efficacy and accompanying return on investment (ROI) of a volume planning process. Although there are many key parts connected to demand planning, producers should pay particular attention to a...0 Comments 0 Shares 1228 Views 0 Reviews
- Why Forecasting is Important in Supply Chain ManagementOne could argue that today's manufacturers need a fortune teller given the complexity and ambiguity involved in managing a global commodity network to see what's coming, whether certain events can affect preparatory work and manufacturing, and what manufacturers can do to minimize the consequences of production parameters and restraints. While manufacturing organizations lack a fortune teller,...0 Comments 0 Shares 1264 Views 0 Reviews
- Demand Forecasting vs. Demand PlanningUnprecedented supply chain interruptions have caused havoc over the past two years. Demand planning and logistics chain experts have had to rethink their models and take new factors into account due to COVID-19, port backlogs, or trade disputes. Planning and predicting demand, already demanding processes, has become more challenging as a result of this. Many people interchange the...0 Comments 0 Shares 1178 Views 0 Reviews
- How Can We Forecast Inventory Demand?Techniques for demand forecasting are crucial to inventory management. You can take steps to make sure you have the right stock to maximize sales and profit if you can predict market demand accurately. But creating a precise inventory demand prediction is no easy task. This post reveals eight best practices and approaches for demand forecasting that you just must know. The technique of...0 Comments 0 Shares 1391 Views 0 Reviews
- How will AI help Demand Forecasting Accuracy be Enhanced?Demand volatility in reference to market prediction is one of the main problems facing business executives today. As data is more accessible than ever, customer buying patterns are becoming more complex, making it harder to recognise or forecast them. Demand forecasting with AI The accuracy of demand forecasting depends on a multistep procedure that begins with a quantitative examination of...0 Comments 0 Shares 1376 Views 0 Reviews
- What Role does Forecasting Play in Demand Planning?Demand forecasting is a management of the supply chain procedure that enables a business to successfully tailor its production, whether it be goods or services, in accordance with those forecasts. Demand management is to establish and maintain a lean supply equilibrium in which shop inventories are limited to the number of items necessary to meet demand. It can be particularly challenging to...0 Comments 0 Shares 1483 Views 0 Reviews
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