Demand Forecasting Software Development
Develop the most precise forecasting software to uncover wasted sales, decrease inventory, and increase profits
Develop the most precise forecasting software to uncover wasted sales, decrease inventory, and increase profits
up to
90%forecast precision
up to
81%stockouts reduction
up to
63%lost sales reduction
Adjust cost-based and competitor-based price settings automatically to improve price positioning
Optimize stock levels for high on-shelf-availability and inventory turnover
Products are distributed to the ideal location through intelligent automation, maximizing GMROI and upholding superior customer service
Utilize cutting-edge AI solutions to determine when to expand and shrink the assortment for optimal profitability
Automate merchandise planning process and optimize GMROI by utilizing advanced AI analytics
To achieve maximum GMROI, products are distributed to the ideal POS through intelligent automation
Build demand forecasts at scale! Develop custom demand forecasting software from our ready to use solutions or come up with your own
To satisfy consumer demand, make sure the appropriate products are available when they are needed
Maintain top-notch customer service while distributing items to the most profitable stores
Prevent pitfalls and identify the precise areas where you lost sales
Stock SKUs only where there is a demand to avoid needless overstocking
Workflow automation allows you to concentrate on global business issues
By placing precise orders, you can increase margins and decrease end-of-season markdowns
Renata Sarvary
Business Development Manager
Plavno has a team of skilled developers ready to tackle the project. Ask me!
Get a Free QuoteEstablishing the forecast's objectives is the initial step. Clearly state the purpose of your demand forecast
Evaluate the available data and any additional information to improve forecast accuracy
ML model use that data to build a demand-based forecast
Economy, seasonality, competition, availability, price and consumer trends factors affect the forecast
Make use of your demand forecast
Our easy-to-use data visualization solutions allow decision-makers to quickly identify trends and outliers, enabling timely decision-making
Demand forecasting is the process of estimating the future level of demand for goods or services based on the analysis of historical data and various factors affecting demand. Without accurate demand forecasting that takes into account customer needs, preferences and intentions, companies risk either having a surplus of expensive products or missing opportunities for additional sales.
Overstocking entails additional costs, understocking can lead to a loss of customers and a decrease in sales. In both cases, the company risks missing out on possible profits, which in a highly competitive environment can even lead to bankruptcy.
Demand forecasting combines both qualitative and quantitative forecasting. Both solutions leverage the ability to obtain analytical information from a variety of data sources across the supply chain. Qualitative data can be monitored from external sources such as news reports, social media, competitors and market research. Data from internal sources, such as customer feedback, historical purchase data and customer data, improve the accuracy of demand forecasting.
If the demand forecasting system does not consider all product categories, it can lead to unreliable distorted data and inaccurate forecasts. Demand varies depending on seasonality, existing trends in the market, competitors' marketing activity and other factors.
You schedule a meeting with our product development team at a time that works for you
You share your product idea and ask any questions you have after we sign an NDA
We outline how we can assist you in developing and bringing your product idea to life
No meetings or calls needed. Just answer a few questions and our consultants will provide an advisory package tailored for your project. It's absolutely free.