TradeMerit Demand Forecasting enables you to reliably plan for future product/service requests. While forecast accuracy is driven by end-to-end visibility and powerful analytics, real-time controls detect unexpected deviations and enforce your strategic sourcing/fulfillment plans. The result is:
- Reduction of safety stock.
- Improved capital utilization.
- Increased customer satisfaction.
Consolidate Demand & Improve Forecast
Demand for goods/services can be generated from different channels such as company web portal, e-commerce sites, voice calls, etc. By monitoring and consolidating demand, TradeMerit increases forecast accuracy and provides a single windows for you to perform advanced analysis based on channels, region, season, type of goods/service and other relevant dimensions.
Align Suppliers To Demand Volatility
Help in strategic sourcing by identify suppliers for long-term contracts that cover the majority of expected demand. The remaining demand can then be fulfilled by a smaller base of suppliers with short-term contracts that can respond more quickly to demand volatility. Align supplier contracts based on volatility, region, regulations and other demand constraints.
Respond To Demand Changes
Automatically be notified when demand patterns are not inline with your forecasts. Instead of following up on each transaction, configure tolerance thresholds and specify who (or what system) should respond to a given situation. By quickly adjusting plans to reflect unexpected change in demand, you can limit the impact of unforeseen events and maintain customer satisfaction.
Detect Fake Demand
TradeMerit real-time monitoring continuously analyzes order patterns to detect over-reactions to changes in the market and/or lack of confidence in fulfillment process ("The Bullwhip effect"). In doing so, you are automatically notified of suspected behavior in order to assess actual demand and avoid excessive safety stock.
Gain Insight Into Customer Problems
Since even the best plans may fail, TradeMerit enables you to perform root cause analysis in order to identify actual demand forecasting issues versus operational fulfillment/sourcing errors. Let TradeMerit monitor these activities and notify you when such failures may be falsely attributed to demand forecasting.
Leverage Existing Systems
Achieve end-to-end visibility by collecting relevant data from existing systems and partners. Whether you are using an ERP, legacy systems, or a mix of separate applications, TradeMerit maximizes the benefits of your existing investments and supports your future IT plans.
Reporting & Analytics
Customize and use web-based reports in order to improve operations and monitor overall performance. Leverage real time drill-down dashboard to enable performance analysis of supply chain business processes. Define Key Performance Indicators (KPI) based on a wide array of business metrics including: Forecast Attainment, Forecast Bias, and Inventory ABC Classification.