Challenge

A leading industrial custom label manufacturer has thousands of SKUs for hundreds of customers manufactured in 20 plants across the globe. While an integrated demand planning platform provides forecasts, there are questions from demand planners and changing market dynamics for different products that necessiate constant monitoring and tweaking.

Approach

Acies proprietary Continuous Improvement framework is used to maximize ROI from the client's multi-million dollar investment in their demand planning solution through - - Consistent monitoring of data quality and appropriate data cleansing - Deep dives to answer business questions on forecast accuracies and what if scenarios - Model enhancements to improve forecast accuracy based on new data sources and changing market dynamics - Model monitoring to tweak model parameters and imrove model stability

Outcome

Increased usage and trust in their Integrated demand planning solution. Continuously help demand planners and category managers build reliable consensus forecasts with high level of accuracy saving millions of dollars in inventory costs and lost opportunities.