May 14, 2020   SOURCE: BusinessWire

Demand Forecasting Analytics Helped a Farm Equipment Manufacturer to Develop a Fluid Demand Forecasting Model | Quantzig

A global data analytics and advisory firm, Quantzig, has announced the completion of its latest demand forecasting engagement. In this engagement, Quantzig collaborated with a farm equipment manufacturing company based out of the US to help them improve order fill rates and process efficiency.

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According to the demand forecasting analytics experts at Quantzig, “There is no set method or tool for supply and demand forecasting. Leading market players and prudent demand management officials use different demand forecasting methods and combine several processes to make the best decision.”

Engagement Summary

Demand forecasting is crucial for analyzing the market demand for a product or service. It is essential for business success because demand forecasting methods form the basis for inventory management, capacity planning, and market expansion. The client is a farm equipment manufacturing company based out of the United States. Due to the complexities associated with equipment design and development, the farm equipment company could not accommodate such rapid changes in demand.

Modern analytics tools and advanced solutions can help you master demand forecasting. Wonder how? Speak to an expert for personalized recommendations and solution insights.

We Offer End-to-End Supply Chain Analytics Solutions

With the help of our innovative demand forecasting analytics solutions and supply chain insights, businesses can gain real-time visibility into supply chain operations and build resilient supply networks to navigate the crisis. Demand forecasting can also help businesses to:

  • Devise a fluid demand forecasting model
  • Leverage analytics-based demand forecasting
  • Improve equipment accuracy

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The devised demand forecasting framework turned out to be highly reliable and consistent, delivering high-accuracy supply and demand predictions over time. With such accurate predictions, the farm equipment company was in a better position to predict customer needs and develop effective products and strategic plans to meet them. To read more about the scope of our engagement, Request more information.

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal