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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

Boost Forecast Accuracy to Enhance Outcomes and Advance Decision-Making

90%

up to

90%

forecast precision

81%

up to

81%

stockouts reduction

63%

up to

63%

lost sales reduction

6 Reasons to Use Demand Forecasting Software

Dynamic Pricing

Dynamic Pricing

Adjust cost-based and competitor-based price settings automatically to improve price positioning

Automated Replenishment

Automated Replenishment

Optimize stock levels for high on-shelf-availability and inventory turnover

Smart Promotions

Smart Promotions

Products are distributed to the ideal location through intelligent automation, maximizing GMROI and upholding superior customer service

AI Assortment Planning

AI Assortment Planning

Utilize cutting-edge AI solutions to determine when to expand and shrink the assortment for optimal profitability

Advanced Merchandising

Advanced Merchandising

Automate merchandise planning process and optimize GMROI by utilizing advanced AI analytics

Accurate Allocation

Accurate Allocation

To achieve maximum GMROI, products are distributed to the ideal POS through intelligent automation

Demand Forecasting Solutions

Build demand forecasts at scale! Develop custom demand forecasting software from our ready to use solutions or come up with your own

Planning Solutions

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    Financial Planning

    Use AI to build profitable, full life cycle financial plans

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    Merchandise

    Automate your merchandise planning and boost GMROI

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    Assortment

    Know when to shrink or expand your assortment with AI

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    Store

    Optimize assortment in each store and store cluster

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    Open-to-Buy

    Automate open-to-buy budgeting and optimize purchasing

Planning Solutions

Inventory Solutions

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    Purchasing

    Automatically generate optimized POs across all channels

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    Allocation

    Use AI to allocate the right quantities to the right stores

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    Replenishment

    Automatically replenish inventory based on accurate forecasts

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    Transfers

    Proactively move inventory from low to high demand locations

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    Safety Stock

    Prevent an out-of-stock situation in the warehouse

Inventory Solutions

Pricing Solutions

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    Dynamic prices

    Dynamic prices optimization using AI and external signals

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    Promotions

    See the real impact of each promotion and optimize it with AI

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    Markdowns

    Use AI to optimize markdowns for maximum gross margin

Pricing Solutions

Fulfillment Solutions

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    Orders

    Optimize fulfillment for omnichannel retailing

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    Returns

    Automate your return flow and reduce the cost of returns

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    Containerization

    Optimize container packing and shipping with AI

Fulfillment Solutions

Successful Demand Forecasting Stories

AI-powered demand forecasting software

There are not enough effective tools on the market that can perform forecasting calculations in a reliable and automatic manner. Our solution enable to offer the optimal assortment of goods, control deliveries, and do other operations based on the obtained expert report. The system increase the accuracy of demand forecasts, and reduce the time spent by analysts on demand forecasting

Results

25%

Increased Forecasting Accuracy

Increased Forecasting Accuracy - dIncreased Forecasting Accuracy - m

Cloud-based demand forecasting software

Partnering with Plavno, Verde Local lower its days sales of inventory from 27 days to 18 days, improved overall demand forecasting accuracy to 90%, and increased on-shelf availability to 75% across the entire store chain. As a result of the new solutions, Verde Local was able to increase revenue and open 15 new stores in 6 months

Results

90%

Accuracy of demand forecasting

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AI-powered demand forecasting solution with the analytical reports module

Partnering with Plavno, Pura Esencia received an AI-powered Demend Forcasting solution that increased first-week data forecasting accuracy by 25%, increased first-month data forecasting accuracy by 20%, reduced deviation from stable benchmarks to 1%, and reduced the time demand forecasters spend on generating analytics by 40%

Results

40%

Reduction of time spent by analytical specialists

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AI-powered demand forecasting solution

Partnering with Plavno, Farma Kasik received an AI-powered Demend Forcasting solution that is able to forecast long-term product demand with 83% accuracy, has helped reduce cold storage cost by five times and, with 64% accuracy, predicts inventory utilization rate for each POS

Results

83%

Accuracy of long-term demand forecasting

Accuracy of long-term demand forecasting - dAccuracy of long-term demand forecasting - m

Benefits of Demand Forecasting Software

Boost Sales

To satisfy consumer demand, make sure the appropriate products are available when they are needed

Maximize GMROI

Maintain top-notch customer service while distributing items to the most profitable stores

Minimize Lost Sales

Prevent pitfalls and identify the precise areas where you lost sales

Lower Inventories

Stock SKUs only where there is a demand to avoid needless overstocking

Automate Workflows

Workflow automation allows you to concentrate on global business issues

Minimize Markdowns

By placing precise orders, you can increase margins and decrease end-of-season markdowns

Renata Sarvary

Renata Sarvary

Business Development Manager

Need a custom demand forecasting software? We’re ready to help!

Plavno has a team of skilled developers ready to tackle the project. Ask me!

Get a Free Quote

How to Forecast Demand?

Set objectives
01

Set objectives

Establishing the forecast's objectives is the initial step. Clearly state the purpose of your demand forecast

Gather data
02

Gather data

Evaluate the available data and any additional information to improve forecast accuracy

Analyze data
03

Analyze data

ML model use that data to build a demand-based forecast

Adjust variables
04

Adjust variables

Economy, seasonality, competition, availability, price and consumer trends factors affect the forecast

Automation and Reporting
05

Automation and Reporting

Make use of your demand forecast

Use Smart Data Visualization to Improve Decisions

Our easy-to-use data visualization solutions allow decision-makers to quickly identify trends and outliers, enabling timely decision-making

Use Smart Data Visualization to Improve Decisions

Testimonials

clutch
“They really understand what we need. They’re very professional.”

The 3D configurator has received positive feedback from customers. Moreover, it has generated 30% more business and increased leads significantly, giving the client confidence for the future. Overall, Plavno has led the project seamlessly. Customers can expect a responsible, well-organized partner.

Sergio Artimenia

Sergio Artimenia

Commercial Director, RNDpoint

FinTech
Project description

Plavno has developed a web application for a product development company. They’ve built a 3D configurator that allows clients to design a unique final product by choosing colors, materials, and other options.

Read more
clutch
“We appreciated the impactful contributions of Plavno.”

Plavno's efforts in addressing challenges and implementing effective solutions have played a crucial role in the success of T-Rize. The outcomes achieved have exceeded expectations, revolutionizing the investment sector and ensuring universal access to financial opportunities

Thien Duy Tran

Thien Duy Tran

Product Manager

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Review from Thien Duy Tran, T-Rize Group

clutch
“We are very satisfied with their excellent work”

Through the partnership with Plavno, we built a system used by more than 40 million connected channels. Throughout the engagement, the team was communicative and quick in responding to our concerns. Overall, we were highly satisfied with the results of collaboration.

Michael Bychenok

Michael Bychenok

CEO, MediaCube

FinTech
Project description

Plavno was hired by a YouTube network to develop an internal portal for bloggers that handled Google reports for their company. They also built an e-wallet and a system where users' information was collected.

Read more
clutch
“They have a clear understanding of what the end user needs.”

Plavno's codes and designs are user-friendly, and they complete all deliverables within the deadline. They are easy to work with and easily adapt to existing workflows, and the client values their professionalism and expertise. Overall, the team has delivered everything that was promised.

Helen Lonskaya

Helen Lonskaya

Head of Growth, Codabrasoft LLC

Healthcare
Project description

A mobile app development company has hired Plavno to create a secure digital system, combining health testing with advanced mobile technologies. They've also made the app functional for iOS and Android devices.

Read more
clutch
“The tools and wireframes they created were highly effective.”

The app has been designed to be user-friendly and intuitive, allowing users to easily search for flights, hotels, and car rentals, Plavno has an impressive and comprehensive understanding of our business model and value proposition, which they were able to quickly absorb.

Yana Romanovskaya

Yana Romanovskaya

Project Manager

Travel
Project description

Plavno built a software development firm's travel app for iOS and Android. They designed the UI/UX, integrated payment gateways, and implemented registration, booking, translation, and other features.

Read more
clutch
“The app was delivered on time without any serious issues.”

The MVP app developed by Plavno is excellent and has all the functionality required. Plavno has delivered on time and ensured a successful execution via regular updates and fast problem-solving. The client is so satisfied with Plavno's work that they'll work with them on developing the full app.

Mitya Smusin

Mitya Smusin

Founder, 24hour.dev

MVP
Project description

Plavno has developed the MVP of a gig work history data collection app for a React frontend development company. Features include user registration, earnings data collection, data aggregation, and data graphs.

Read more

FAQ

What is demand forecasting?

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.

Why it is necessary to forecast demand?

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.

How does demand forecasting work?

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.

What happens if you don't consider all product categories in your forecast?

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.

Steps to Start Software Development Project

Schedule a meeting

Schedule a meeting

You schedule a meeting with our product development team at a time that works for you

Meet Plavno team

Meet Plavno team

You share your product idea and ask any questions you have after we sign an NDA

Obtain a stategy

Obtain a stategy

We outline how we can assist you in developing and bringing your product idea to life

Need an expert eye quickly and without time consuming communications

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.

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What are your main areas of concern at the moment?

What software are you looking to develop, improve, or support?

What is the expected number of software users?

How do you plan to carry out your initiative?

What is your budget range for this project?

What is your deadline for completing this project?

What is the aim of your software? What capabilities should it provide? Do you have technical specification? Please, send as many project details as you have.

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