Forecasting is not an option, but a part of your business.
If your business requires inventory, you regularly decide on the appropriate level. Forecasting your demand is an important consideration in the process. Whether you are a retailer, eCommerce, wholesaler or manufacturer.
Each 1% accuracy up = 1% less inventory.
Forecasting accuracy is critical - Improving your forecasting accuracy provides you with instant cost and cash savings. Each percent accuracy improvement results in up to one percent less inventory, which translates into less supply chain cost, capital tied up, stock obsolescence and CO2 emissions. Lokad is designed to be vastly cash positive for you from day one!
Reduce stock-outs = more revenue and customer satisfaction.
Less stock outs and increased on-shelve availability has a direct impact on revenues and customer satisfaction. Improving your forecasting accuracy allows you to reduce out-of-shelve events, stock-outs AND inventory!
Calculate forecast, safety stock and reorder points.
We provide daily, weekly or monthly sales forecasts for the time horizon you choose. In addition, we will calculate optimal safety stock levels and reorder points based on expected demand, forecast accuracy, lead time and desired service level.