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Business Benefits of Forecasting
Improper business planning leads to massive cost overheads
Inventory optimization
Too much inventory
- your working capital gets too large.
- your stocks get depreciated quickly.
- no room left to store the inventory.
Not enough safety stocks
- sales opportunities are lost.
- customer satisfaction drops.
- opportunities for the competition.
Get just enough inventory through sales forecasting
Capacity utilization and staff scheduling
Too much capacity/staff
- employees stay idle and feel useless.
- money is wasted paying too much staff.
- capacity is used inefficiently
Too few staff
- customer and employee satisfaction drops.
- cost increases.
- business opportunities are lost.
Get just enough staff through demand forecasting
Complexity and time investment
Manual forecasting
- high planning complexity
- significant time investment
- "specialists" with lot of experience needed
Lokad forecasting
- automatic "one click" forecasts
- increased forecast accuracy in many cases
- reduced planning complexity and time
Reduce complexity and time investment with "one-click" forecasts