In supply chain- forecasting alone does not bring greater good for any company rather accurate forecasting helps organizations to achieve what they actually desire. Since precise forecasting helps you develop and improve your strategic plans and increase your knowledge of the marketplace. Further, the more accurate the forecast, the lesser safety stock is required. The better the forecast, the lower will be inventory levels and at the same time higher service levels. Higher service levels will lead to highly satisfied customer and long-term retention. Oracle Demantra and its patented Bayesian analytical forecast engine generate the most accurate forecasts possible. Forecast Tuning is a way of setting optimal parameters and configuring models in such a way as to provide ‘good’ forecasts, qualitatively and quantitatively.
ISCS has expertise in implementing a wide range of Oracle solutions including supply chain and ERP domain. We have plenty of skilled manpower on our board who can help you create a flexible, adaptable and integrated supply chain through advanced cloud solutions. If you are looking to innovate supply chain processes, bring products to market faster and improve customer experience, ISCS has the answer to all your questions.