Teradata® Demand Forecasting for DCM puts you on the path to increased sales, decreased inventory and more accurate forecasting capabilities. This module considers an item's seasonality and its rate of sales to generate an accurate forecast at any level of the product and location hierarchy. This tool lets you -
- Respond to local customer demand on a store/SKU basis
- Increase service levels at stores and distribution centers
- Drive turns by reducing unneeded safety stock
Teradata Demand Forecasting for DCM consists of six separate Average Rate of Sale (ARS) models that are calculated by the system weekly at the product/location level. You also get a sophisticated exception management solution that reports everything from potential out-of-stock to customer service levels and forecast errors.
Online, user-defined business policies let you tailor actions to meet your business strategies, giving you an array of built-in benefits, including -
- An average sales increase of 7% to 10%
- An average reduction of slow moving inventory from 25% to 40%
- Improved turns
- Increased profitability