Frequently Asked Questions

Demand Forecasting as a Service(DFaaS)

    Any manufacturing or trading company which uses demand forecast for material planning.
    Improved forecast accuracy having cascading positive effects like improved service levels and lower inventory.
No. DFaaS is offered only as a service.
Historical demand of an SKU.
There two outputs. You can choose any one of them. If you are using the automatic forecast calculations, we can fine tune the forecasting parameters. If you are using manual forecasts we can provide those using statistical methods.
If we fine tune the forecasting parameters we can do that every quarter. If we are providing the forecasts we can provide those on a monthly basis.
There are multiple forecasting methods in an ERP. A suitable method needs to be selected based on the demand pattern. Secondly the parameters of these methods need to be monitored and fine-tuned. Thirdly sometimes the best method for a demand pattern is not available in the ERP or not possible in excel. DFaaS deploys 14 forecasting methods to each SKU and automatically selects the best results for you.
DFaaS is available only as a service. Annual contracts are signed for periodic reviews of forecasting methods and parameters if you have a forecasting tool available. Alternatively, monthly forecasts are provided by us.
We offer a free trial on your data. Sample data is collected for a few SKUs. Forecasts generated by DFaaS are compared with your historical forecasts and accuracies are compared. The benefits can be seen upfront before you make the decision to buy DFaaS.
We offer a legal as well as technical protection. First we sign a non-disclosure agreement. And we can also work with encrypted data with item codes and names masked. Thus the confidentially of the data is fully guaranteed.
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