ForecastSmart

NextGen AI-powered demand forecasting

Generate accurate retail demand forecasts leveraging machine learning for all SKUs at the store, style or any hierarchy level across their entire lifecycle with ForecastSmart.

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Say “Goodbye” to Traditional Forecasting Methods!

Leverage the best-in-class retail and CPG forecasting engine for identifying recent trends, seasonality, and other unique demand drivers, all in one place. Push forecasts into any existing planning and pricing systems. For years, the traditional forecasting algorithms have leaned very heavily on historical data. But with rapid changes in product preferences and consumption patterns, businesses need a more robust framework that includes factors other than just historical data.

Demand Planning
Demand Forecasting

Faster Pattern Recognition

With the help of IA’s cutting-edge technology, businesses can perform retail demand forecasting, and retail forecasting and enable highly effective demand planning.

Context-Based Variables

ForecastSmart’s predictive analytics is the leading retail and CPG forecasting solution in the market. It has the power to create context-adaptive variables to handle seasonal assortment, inventory changes, and new launches.

Capture Lost Sales

ForecastSmart’s visual component helps planners clearly understand the impact of the different variables on demand and adjust these levers based on real-time exceptions for better and more agile retail demand planning.

Understand demand drivers

Our sophisticated mathematical computation engine, trained on two petabytes of data and combined with a deep retail context, is the best in the industry at identifying sales opportunities.

Identify market shifts

Analyze market conditions and rapidly flag the effects of events, price changes, promotions, coupons, and exogenous shocks for accurate forecasting and retail demand planning.

ForecastSmart -

Delivering the future today

Superior mathematical computation engine, trained on +2PB data, combined with a deep retail context to accommodate various factors that affect demand.

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Estimates

Lost sales and performs business specific outlier removal.

Creates

Context-based variables to handle seasonal assortment, inventory changes and new launches.

Incorporates

Trends, seasonality, events, weather, marketing spends, panel data, competitor stores and store closures.

Identifies

Effect of events, price changes, promotions, coupons etc to adjust forecasts.

Recommends

True customer demand that captures the effect of all the variables.

Demand Planning

Achieving +90% accuracy in retail forecasting during COVID

ForecastSmart, our proprietary AI-powered forecasting model, takes in numerous variables to account for recent trends and drivers of demand. It analyzes store information, as well as traffic. We have also successfully delivered 90%+ accurate agile location level forecasts that are hard to find elsewhere.

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A Icons Benefits

Rapid forecasting of emerging trends post-recovery

Retail Demand planning through readjustment of coefficients to factor in trends as and when businesses open.

Demand Prediction

Hierarchical Forecasting

Highly accurate retail forecasting broken down to SKU-Store level on a regional basis that takes into account specific behaviors of customer segments.

Model Elasticity

Robust retail contextual treatments of the data before and after modeling based on business judgments and look back simulations.

Here's why our clients trust us

The accuracy of ForecastSmart’s prediction was a game changer for us. It has helped us make critical business decisions quickly and with more confidence

Merchandising VP,Leading Fast Fashion Retailer

We used to chase our sales and were always playing catchup, now with forward looking metrics, we are ahead of the game

CFO, Popular
Catalog Retailer

We were using LY numbers as forecast guidance, and then COVID hit. Most of our legacy planning systems became useless. The speed with which IA could come in and get our forecasting errors down during the pandemic is commendable.

Chief Planning Officer,
Large Grocery Chain

The speed with which Impact Analytics tweaked its forecasting models to accommodate the disruptions caused by pandemic only strengthened our belief that they are the right team to help us make sense of the sea of data that we are sitting on

Analytics Head,
Leading Pet Supplies Retailer

Industries that have benefited from ForecastSmart

Redefine demand planning, allocation, and price estimation in any industry with the most accurate and fastest demand forecasting software.

Retail

Identify the true demand potential across all sales channels and improve bottom-line margins.

Industrial Manufacturing

Allocate the correct inventory closer to your customers and reimagine merchandise planning like never before.

CPG

Leverage the quickest demand forecasting tool that performs millions of computations within minutes to understand demand across SKUs.

Resources

Get comprehensive information on the latest trends in the market, technology, and how your peers are solving their biggest demand planning and forecasting challenges using IA’s predictive analytics.

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Related Solutions

Benefit from our end to end solutions at the outset, or add more as you see the difference we make.

Drive Demand Forecasting with Accuracy

Good decision-making is impossible without real-world data sets. But how to yield accurate business forecasts with that data? ForecastSmart was built to solve this problem by running on sparse data, picking up trends quickly, and filling in the gaps for better retail forecasting. Our customers tell us that our demand forecasting models drive 10x more accurate and faster results than Excel spreadsheets and traditional BI tools. Boost planning efficiency today!

Demand Forecasting

Driving ROI through

AI Powered Insights

We are led by a team with deep industry expertise . We believe in “Better decisions with AI” as the center of our products and philosophy, and leveraging this to empower your organization

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