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TCS Advanced Demand Forecasting Solution for Supply Chain

 

Intense competition drives businesses to understand consumer behavior and use reliable tools to forecast demand. This helps plan the right level of buffering needed in inventory, capacity and finances to avoid losses. Accurate demand planning and forecasting helps cope with constantly fluctuating demand patterns and global volatility. Integrating your supply chain planning with PLM functions and deploying closed loop planning systems to predict such dynamics can help meet this need and drive down operational costs, while improving revenues.

TCS offers you Advanced Demand Forecasting Solution – an innovative, versatile and cost-effective tool for High Tech supply chains. The solution applies advanced statistical forecasting methods that incorporate the effects of macro and micro economic factors to predict demand. Our platform independent solution can be plugged into an existing demand planning system to gather input data and provide the smoothened output.

Our Solution | Benefits | The TCS Advantage | Download Brochure

Our Solution

Our Advanced Demand Forecasting Solution, which uses the latest statistical approaches in demand forecasting, provides you improved accuracy in demand forecasting. The solution uses random historic events to model them into future predictions – increasing the preparedness of the company to cope with fluctuating demand scenarios and reducing the cost due to overplanning or under-planning. The solution adapts itself to the existing demand planner thus reducing cost of additional licenses and configures the most likely business demand scenarios to prevalent economic conditions to arrive at an accurate forecast pattern. This solution is platform independent and can be leveraged by enterprises with low forecast accuracy.

Benefits

Our offering brings you the following benefits:

  • Improved accuracy in forecasting: Unique algorithms, amalgamating the latest statistical methods, past event simulations and existing economic conditions, ensure accurate predictions and increased profits. Improves predictability of rare events by modeling random occurrences into future predictions.
  • Optimized manufacturing planning: Better preparedness in coping with a sudden spurt or slack in demand – ensuring that an optimal supply-demand equation is maintained.
  • Reduction in license cost: With the solution working with the existing planner, there is reduced upfront cost of additional licenses.
  • Better control on complex and rare events: Accurate prediction of rare events increase the capability to meet demand anytime. This improves customer loyalty and reduces the time lost due to recalibration of demand.
  • Reduction in planning cost: Reduced cost of over-planning or under-planning improves the usage of capital.

The TCS Advantage

TCS’ focused services, domain expertise and vast experience enable faster time-to-market for you. Our offering uses a unique set of algorithms for improved
predictions across diverse industries. We add value to the engagement through:

  • Adaptability: Adapts to the existing demand planner, reducing up front cost on tool licenses. Being platform-independent, it can be offered as a service too.
  • Versatility: Working across platforms and industries, the solution adapts to concepts of machine learning employed in existing algorithms, helping the system to self-adjust and pick up best parameter values over time. This makes the approach more robust and entails less manual intervention.
  • Comprehensiveness: The solution employs minimal historic data to resolve maximum number of demand discrepancies to arrive at accurate demand forecasts. Our unique algorithms are especially effective for chaotic and volatile data. Additionally, our computational approach is leaner and faster, using fewer data
    points as compared to traditional approaches

Download Brochure