Forecasting Software - Demand Works Smoothie

By: Demand Works  09-12-2011
Keywords: Statistical Forecasting

Smoothie® includes an "expert" automatic time-series forecasting engine that generates accurate forecasts for thousands of items in minutes. Each time-series is evaluated for trends, seasonality or sporadic behavior. Then, the engine automatically develops a model for each series with optimal parameters.

The statistics are advanced, but you don't have to be a statistician to use Smoothie. The automatic forecasts will be excellent, and you may optionally guide the engine by suggesting use of trended or seasonal models, making top-down changes, or even forecasting with simulated histories (without losing visibility to actual demand). The engine also allows for capturing or creating pre-defined seasonal patterns for items. This capability can be extremely useful when there is not enough history or when SKU-level activity is too random to demonstrate known seasonal patterns. Accuracy is further improved with powerful level synchronizations and exception filters that seamlessly highlight items or customer forecasts that may require attention.

The statistical forecasting engine in Smoothie was designed for the "noisy" tactical data that prevails in product and channel-based sales and operations planning. It is extremely robust and does particularly well with the difficult-to-forecast time-series that prevail in industry. Many customers and prospects have benchmarked Smoothie's accuracy against other commercial statistical engines and Smoothie routinely achieves equal or superior accuracy in such comparisons. Not only does Smoothie produce excellent forecasts, but it also uses the error estimates, lead times and desired service levels to help businesses optimize inventory levels and prepare for the unexpected.


Keywords: Statistical Forecasting

Contact Demand Works

Email - none provided

Print this page

Other products and services from Demand Works


Demand Works - Sales and Operations Planning Software

Sales and operations planning is a strategic business process that successful companies use to anticipate and synchronize supply and demand, and to achieve focus and strategic alignment among the selling, producing, purchasing, logistics, executive and financial functions within a business.


Demand Works Smoothie - Safety Stock Optimization

While simulating group or item-specific changes, the user can immediately evaluate the impact on projected inventories in units or inventory cost, enabling rapid and informed inventory optimizations. Minimum inventory levels can also be managed using fixed policies like minimum quantities or days of cover, and statistical and fixed policies can be blended.


Inventory Management Planning - Demand Works

The Pivot Planning® in Smoothie provides a powerful and flexible capability for reviewing, analyzing and adjusting inventory positions and planned supply at any level of aggregation.


Procurement Planning

Optimization of safety stocks and service levels with separate maintenance for policies like lead-times, minimums, safety stocks and order increments -- by vendor and/or product. The enablement of shorter lead-times and more effective price negotiations with optional sharing of accurate, spreadsheet-based order forecasts for vendors. Powerful visibility to inventories by unit or cost, turnover, forecast accuracy and other important metrics.


Demand Works - Demand Planning Software

Reference plans from other systems can be seamlessly incorporated into Smoothie, automatically aggregated or disaggregated, and presented with Smoothie's statistical or collaborative plans. Smoothie was designed to work alongside other systems like financial planning and budgeting, trade funds, CRM, Excel and even other forecasting systems.


Sales Forecasting Collaboration with Smoothie Collaborators or Excel

They also provide advanced graphic and spreadsheet-based views, the ability to interact and 'what-if' directly with the statistical forecasting functions, optional visibility to reference forecasts and other related demand information, plus easy viewing and exchange of notes with other users.