Consumer product companies can improve fill rate of key customers by 4-5%. Read this infographic to understand why 68% of supply chain executives rate solutions like intelligent order promising as important.
At a recent event, antuit.ai was asked how retailers can maximize their inventory value given the rise of omnichannel. Watch this cut-down video summary where COO Yogesh Kulkarni provides a case study of a $2.5 Billion, multi-branded fashion retailer.
Many forecasts, especially historical-based forecasts, were rendered useless during this pandemic, forcing many to rely on manual intuition for the foreseeable future. But from any disruption comes the next generation. In this special podcast, Joe Vernon, Capgemini America Retail and CPG Transformation Leader and Siva Lakshmanan, antuit.ai EVP Forecasting & Digital Supply Chain, discuss next-generation forecasting, Consumption Sensing, and how it detects consumer behavior shifts much more quickly and accurately than traditional methods.
The panic buying and consumer demand shifts ravaged demand forecasts, leaving most CPG companies reverting to manual intervention to fix their stock issues. While unavoidable in the beginning, this event highlights the shortcomings of many forecasting methodologies: a basic assumption that demand is steady and slowly changes. Consumption sensing takes a new approach by creating a "conversation with the consumer" to predict consumer demand and identify shifts for near, mid, and long term forecasting and planning.