Bright Cape can take your company processes to the next level by supporting and optimizing based on forecasting. Relying on forecasting, we can predict future sales movements based on historical data points, observed patterns, and deducted relationships between variables that are relevant to your product or service.
A lack of tangible insights into future developments creates challenges across your entire organization
Demand forecasting is all about constructing the future. Extreme events, such as the pandemic, but also slow-moving processes like climate change, could seriously impact your companies’ business and lead to severe disruptions in your supply chain.
Using advanced forecasting techniques, early warning signals of such crises can be picked up and acted upon. By understanding which factors drive demand, your company can model several scenarios and their impact on the value chain.
Forecasting can give valuable insights into your customer demand and makes it easier to adapt to change
With forecasting, we create a data-driven construct of what the future could look like, given what we know today. This image gives you and your company better understanding of what is driving customer demand today, what has driven it in the past, and how these factors are likely to evolve in the future. This way, your company gains the insights it needs to timely adapt to change.
More accurate demand forecasting drives better downstream demand plans to boost profits, customer satisfaction, and synchronization
Do large amounts of buffer stocks in your supply chain lead to high costs and lack of space? Is your company facing irregular demand patterns? And does your company struggle to deal with these fluctuating demands, leading to loss of customer satisfaction or an inefficient supply chain?
Demand forecasting can bring you the future information you need. More accuracy in demand planning can boost your customer satisfaction, create higher efficiency within your supply chain and eventually lead to more profit.
Together with your industry experts, we generate accurate forecasts by combining relevant industry and economic data with carefully chosen advanced prediction models. We always look for the best approach that fit your customer and business needs.