Top Demand Forecasting Tech Companies
List of Top Demand Forecasting Tech Companies
Customer preferences and requirements are crucial for manufacturers, suppliers, and retailers, so as to predict the market trends accurately. Thus, suitable forecasting models have emerged as mainstream necessities for these industries. Despite the very fact that no forecasting model fulfils all of the required prerequisites, businesses believe analytics tools, systematic patterns and trends, forecasting and data processing techniques, which empower them to be better prepared to anticipate the customer demands.
As a result, forecasting solution providers are devising analytics tools, techniques, neural networks, and data processing processes that are capable of converting data into valuable information. one among the foremost commonly used techniques in demand forecasting is that the statistic analysis methodology. Organizations are leveraging this practice to detect patterns in data sets and decode those patterns into predictions. to know the statistic data and extract useful statistics, autoregressive integrated moving average (ARIMA) model is widely getting used among businesses. Additionally, technologies like neural networks have remarkable ability to decipher complicated or imprecise data and are wont to analyze patterns that are complex. Several neural networks procedures like multilayer perceptrons, radial basis functions neural networks, multivariate adaptive regression splines, machine learning (ML), and tree algorithms are wont to study the patterns and predict the outcomes of any unknown event.
Owing to these myriad approaches, businesses will still search for specific patterns, so as to form accurate predictions, and CIOReview’s latest edition comes as a solution to their forage. to assist organizations achieve better accuracy in forecasting, we present CIOReview’s “10 Most Promising Demand Forecasting Solution Providers — 2018.” This edition will help businesses in choosing an answer provider which will assist them in improving the “forecast-ability” of consumer demands.
Top Demand Forecasting Tech Companies
Helps companies of all sizes and complexity to accurately forecast demand, optimize inventory, support sales & operations planning, and efficiently execute day-to-day operations
Offers a novel supply chain planning software — OMP Plus — as a one-stop solution for all planning functions
Provider of cloud-based forecasting, replenishment and inventory optimization SaaS solutions for retailers and wholesalers
Avercast
Offers automated supply chain planning platform to help businesses plan and carry out their work
Blue Ridge
Helps clients to observe any changes in the demand of customers through its cloud-native supply chain solutions
Centage
The company’s Maestro Suite enables faster and accurate budgeting along with forecasting, analytics, and reporting for businesses of all sizes
DynaSys
Provides expert business decision-making software for forecasting, planning, optimizing and performance analysis
E2open
Enables organizations to get closer to customers and capture untapped opportunities with a predictive, responsive, agile, and real-time supply chain
GAINSystems
Offers solutions for optimizing supplys chain including demand planning, demand forecasting, inventory optimization, and more
RELEX Solutions
Helps retail businesses to improve their competitiveness through localized assortments, profitable use of retail space, accurate forecasting and replenishment, and optimized workforce planning
Originally Published On :
Demand Forecasting Tech Magazine :
