Sales forecasts using artificial intelligence
Precise sales forecasts in trade and industry enable automated optimal order quantities
Regardless of the size of a company, scheduling is largely determined by the quality of the sales forecast. Thanks to LogoMate’s precise, comprehensive sales forecasts, companies in trade and industry are well equipped to meet the many challenges of modern dispatching and are always able to react to changes at short notice.
Reliable forecasts through predictive analytics are a decisive competitive advantage for the entire company
A precise sales forecast is the decisive basis for planning throughout your company. This means that not only the planning department but also other departments such as purchasing or sales benefit from reliable figures. These enable you to produce reliable sales forecasts, optimum order quantities at the right time for ordering, correct personnel planning and much more. Thus, management can rely on the best forecasts in sales forecasts from sales and make the right strategic decisions for your company.
Because digital AI-supported software solutions recognize the future demand for all your goods at all locations and branches. They use intelligent algorithms, big data and artificial intelligence to calculate the optimum sales forecasts for the future. This means you no longer have to rely on gut feeling forecasts from you or your colleagues.
Sales forecasts included in LogoMate allow you to optimize your business processes around the supply chain and beyond. Both old and new products can be forecasted in the software. This results in happier customers due to less out-of-stock, more sales, a satisfied management due to a significantly reduced stock value and a better functioning purchasing and disposition department. On the basis of your automatic sales forecasts, you receive order proposals and can inform your suppliers early on about future demand and agree better conditions. Thus the entire company benefits from predictive analytics in LogoMate.
The quality of the sales forecast is decisive for your disposition and the overall success of your company
Today, the flow of goods and materials is dependent on numerous static and dynamic influences as well as the respective business model. LogoMate takes these factors into account and automatically generates accurate sales forecasts using artificial intelligence and advanced algorithms.
Here, the historical data is analysed and the sales forecasts derived from it are constantly and automatically generated. The quality of the automatic forecast determination can be further increased by additional manual specifications and settings. Even complex disposition decisions such as the planning of new articles or special seasonal sales can be made with ease. Even large amounts of data are no problem for LogoMate.
The right quantities in the right place at the right time is the credo of optimal inventory management. This is only possible through reliable forecasts of your sales and consumption. This is the only way to ensure that demand is always fully satisfied and unnecessary safety stocks are avoided.
No matter whether food or technical wholesale. If the stocks of your goods are too high and the expiry dates have been reached, you must dispose of them. And having to dispose of items with an expiration date is annoying, cost-intensive and not sustainable. Here, too, you benefit from sales forecasts developed from digital analysis of historical data, artificial intelligence (AI), and smart algorithms. This makes LogoMate an important system in your sustainability concept.
Precise sales forecasts through predictive analytics guarantee low inventories and high yield
LogoMate uses all relevant data and factors to calculate its prognoses for the future. Among other things, the following factors are taken into account:
- Short, medium and long-term sales effects
- Sporadic consumption
- Rising or falling trends
- Single outliers
- Seasonal variations
- Special sales days
This data can be used to determine the future demand for each item at each location of your warehouse and/or branch structure and safety stocks are dynamically calculated depending on the uncertainty factors. The automatic detection of trends enables a timely response to rising and falling trends. This is a great advantage especially when introducing new articles. Taking predecessors or reference articles into account, new articles can be planned and scheduled automatically and immediately.