Reliably forecasting demand is a critical requirement for today’s downstream vendor. In a Vendor Managed Inventory environment, you not only have to ensure the availability of product at the customer’s delivery locations. You also want the flexibility to be able to choose when to replenish stock.
How ORTEC adds value
ORTEC Demand Forecasting & Order Generation forecasts demand using historical information and advanced algorithms such as moving average, exponential smoothing, degree days and seasonal indices to take account of everything from daily fluctuations to seasonal factors.
As a result you have more on-time deliveries, fewer penalties for late deliveries, lower transportation costs from optimized drop sizes, a smarter risk spread, and less reworking of schedules because orders better match available vehicles and delivery windows.