Demand forecasting
Everything you need for accurate forecasting
DATURE software provides an automatic function to forecast demand for specific merchandise based on the type of rotation at each of your locations. Our forecasts will help you discover sales trends and seasonality and save you time and money.
Higher accuracy of forecasts
Whether you manage hundreds or tens of thousands of SKUs, our scalable Microsoft Azure cloud-based platform allows you to quickly generate and display forecast results, saving you time and making better decisions. Our solution uses Artificial Intelligence (AI) and Machine Learning (ML) to simulate multiple forecasting models and select the best one at a time for each of your SKUs, providing more accurate demand forecasting.
Tens of hours saved
Dature not only improves the quality of forecasts, but also reduces tedious manual work. Even the best forecasting model can generate forecasts with high error if the batch data contains noise in the form of promotions, individual large customer orders or lack of sales resulting from an out-of-stock situation. The use of machine learning mechanisms for data imputation reduces the impact of noise on forecast quality and saves the time of performing these operations manually. When high quality goes hand in hand with automation, better decisions can be made in less time. You can invest the time saved in other operational activities.
No sales opportunity is overlooked
The accuracy of forecasts is related to the proper fit of the model to the demand pattern. If your products behave differently throughout the year, regardless of typical seasonality, then you are certainly dealing with the impact of so-called calendar days on your sales. Incorporating the impact of calendar days into your demand patterns allows you to reduce out-of-stock phenomena and keep your customers loyal. Using machine learning to deal with moving calendar days, such as Easter, saves you time analyzing data and reduces the error associated with overlooking demand spikes that are important to your business.
Better marketing decisions
A growing product portfolio affects not only the number of assortment groups maintained, but also the number of products available in each group. It certainly takes you a lot of time to analyze whether they behave similarly. Another important issue is how they affect each other. Visualizing the historical sales and forecasts of each group and product against each other, taking into account the impact of calendar days and promotions, allows you to easily assess the relationship between them and make better decisions about marketing and sales activities in the future.
Complete solutions
to optimize inventory and stocking
DATURE will provide you with the information you need to maintain the right level of inventory at the right time. By taking into account demand in subsequent periods, delivery dates, inventory levels and logistical constraints, you will improve the availability of goods and reduce the risk of lost sales. At the same time, you will avoid overstocking and freezing working capital.
Automate the process and focus only on exceptions
Analyzing a wide portfolio of inventory and making decisions about stocking based on multiple systems and spreadsheets requires considerable time and effort. Dature automates the process of generating forecasts and stocking recommendations while offering a set of alerts that notify you of situations that require special attention, i.e. out-of-stock and overstock risks.
Operate more efficiently than your competitors
Our inventory optimization solution uses advanced algorithms that take into account your supply chain constraints and the required level of demand service (Service Level). This will make your business decisions more accurate and allow your company to grow faster than your competitors.
Optimize your safety stock
Decisions about the amount of safety stock should always be adapted to the current behavior of demand, its variability and your business goals. Manually controlling this process is very cumbersome and leads to suboptimal decisions. Our machine learning dynamically calculates statistical safety stock and ties its amount to your required level of availability for each of your products at each location. This reduces the risk of out-of-stock and overtock situations. Your customers are happier, and your revenues and profits increase.
Protect yourself against seasonal reduction in availability of goods
Seasonal increases in demand cause temporary limitations in the availability of goods due to the fact that your suppliers' resources are 100% utilized. If you don't want to lose customers then gathering seasonal inventory in advance is certainly worth considering. Our solution will help you do this by generating pre-season stocking recommendations so that you can successfully supply your customers with the goods they need during the season.
Include expertise in decisions
The economic environment is very dynamic, and the behavioral patterns of your customers of the past may change under the influence of unexpected events. In such situations, statistical predictions of demand may prove to be inaccurate. If your competitor has closed down periodically, or you have just acquired a new large customer, you can enter such knowledge into our system in the form of your own forecast and correct the calculated statistical demand. Our inventory optimization mechanism will take this information into account when generating stocking recommendations.