DEMAND 
Forecasting
Forecasting is not merely necessary — it is vital.
No matter what type of business you’re in, companies need some kind of future estimate upon which they can build a plan. Forecasts help companies determine which products or services to launch or withdraw, which markets to enter or exit, where to grow, and where to cut back. And with the advent of the Sarbanes-Oxley Act, the need for accurate forecasting tools has increased significantly.
Unfortunately, most organizations find themselves disconnected with their own data which has a dramatic impact on the bottom line. For the average $100 million revenue company, forecasting and demand planning error is currently decreasing profitability between $3.5 million and $18 million annually.
Foresight delivers the only solution that includes customer inputs throughout the supply chain – tightly linking demand with supply. With Foresight, the ability to access key data and reports is combined with the ability to model different scenarios for financial planning and to monitor strategic goals and performance.
With quick insight into which products have predictable demand patterns – and those that don’t – you can rapidly discover the valuable interrelations that exist between products, sizes, colors, price-cuts, promotions, and new product introductions. As insight develops, the path toward profitability becomes clear, and you’ll likely know what your customers want before they do.
See your future with Foresight Technologies.