Global events, economic shifts, labor force changes, and many other internal and external factors cause major imbalance between sufficient inventory levels and stock surplus. Stock outs adversely impact business revenues and customer experience while stock pileups incur unnecessary space and production costs.
Demand planning mechanisms driven by AI and machine learning algorithms are radically changing how demand forecasts are achieved in real time, allowing leaner inventories without missing out on demand. Hitech’s advanced demand planning solutions deliver an agile, data-driven approach to predicting demand, helping you cut operational costs, boost revenues, and get a competitive edge.
Our expert demand planners pull in data, historical and current, from disparate sources for statistical modelling and collaborative forecasts. Data on weather, local events, market and customer trends is factored in to give you more accurate data-driven predictions on demand sensing for shorter durations. Complex mathematical algorithms recognize patterns and spot complex relationships in large datasets. The models are continuously trained so that they adapt to volatile fast changing conditions to deliver more accurate and reliable forecasts in complex environments.
Efficient Inventory Management
Avoid overstocking resulting in increased inventory carrying costs and forced discounted selling; also keep safe from stock outs which hurt sales.
Better Scheduling & Planning
Knowing exactly the time periods when most orders are expected will help you plan production, warehousing, shipping and maintenance schedules.
Optimize Workforce Management
Accurate demand prediction will help you plan your staffing requirements in terms of permanent, temporary or contractual workforce to meet customer deliverables.
Improved Cash Flow Management
Understanding demand peaks and valleys helps manage cash flow better, ensuring on-time vendor bills payment and better negotiation of credit terms.
Beat fluctuating demand with intelligent solutions!Increase forecast accuracy →
Get an accurate real time view of ongoing order book, future sales plans and demand forecasts to enable proactive decision-making.
Our service offerings:
– Director, Demand & Supply Planning, Global Consumer Goods Company, UK
Cognitive demand sensing for algorithm-driven processing of large data volumes to project optimum inventory levels, map customer sentiment to demand at granular level and improve pricing and brand loyalty.
Our service offerings:
– Production Planner- Global Consumer Goods Company, UK
80% recurring clients and partnerships with industry leaders reflect our commitment to customers – their growth, their satisfaction.
Bachal represents Hitech in North America, and helps client and our production teams collaborate effectively on projects and partnership initiatives.