Accurately forecast customer demand. Our best-in-class dynamic demand forecasting for stock with frequent, highly sporadic or intermittent demand.

Syncron Demand Planning and Demand Forecasting software is a sophisticated tool for anticipating and shaping demand. It combines best in class statistical forecasting with market knowledge gained from internal and external collaboration providing a single, global view of the demand and inventory availability that provides the foundation for your sales and operations plan.

Automatic demand classification

This module classifies every SKU into different demand types (fast, slow, erratic, positive and negative trend etc.) and produces accurate forecasts utilizing the most appropriate forecasting algorithms. Demand type classification is performed automatically at the calculation of every new forecast which means that every item will always be classified into the correct demand type. This enables efficient and automatic management of the life-cycle of a SKU.

Our sophisticated demand forecasting software algorithms are designed to detect and calculate the seasonal patterns for SKU’s or groups of products that are influenced by seasonality. For such seasonal SKU the seasonality is automatically calculated and incorporated into the forecasting process. Special forecasting techniques such as a refined Croston methodology are used to handle highly sporadic and intermittent demand.

Continuously improving

The only truth about demand forecasts is that they always are wrong. The key for utilizing statistical demand forecasts is to understand how large the forecasting error is in order to minimizing it. Therefore, forecasting accuracy is continuously measured and the demand forecasting software automatically re-sets to the most appropriate forecasting technique if the accuracy of the forecasts is outside the acceptable pre-set limits.

In addition to statistical demand forecast based on the demand history and seasonality market volume density and market knowledge has to be taken into account to further improve the forecast accuracy. Market knowledge such as planned machine maintenance, promotions, and new product introductions are managed effectively within the system with the minimum of human input. Syncron Demand Planning and Forecasting automatically neutralize peaks in demand caused by promotions, planned maintenance etc from the demand history.

Supersessions and replacements

Products are continuously being developed and therefore old versions are superseded or replaced. The system stores the demand history and the forecast linked between the product even if it is one-to-many or a many-to-one supersession.

With Syncron Demand Planning and Demand Forecasting software you can forecast confidently and adjust your plans quickly, meaning that inventory consumes less working capital while your customers receive more of what they want.

News

01.08.2022 Haier optimizes warehouse operations with WMS Logistics Vision Suite

ANT Technologies has completed the first stage implementation of the WMS Logistics Vision Suite at the warehouse of the manufacturer high-te...

11.04.2022 ant Technologies strengthens technical support and go to the Telegram

ANT Technologies expands the technical support services and introduces the on-line communication channel with Customers - Telegram-bot.

20.01.2022 WMS leader Mantis merges with leading logistics IT provider ecovium

ecovium Group and Mantis join forces to offer integrated, state-of-the-art Supply Chain Execution (SCE) solutions on an international level...

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02.09.2022 Mantis wins the highest distinction “Company of the Year” in the Supply Chain Awards 2022

We proudly announce that Mantis was recently named “Company of the Year” along with winning 4 top Supply Chain Awards 2022.

18.05.2022 GAIA in Dubai achieves top performance in the e-pharma market with Mantis LVS

Pharmaceutical Distribution Company based in Dubai, UAE, optimized its e-commerce and distribution process and transformed its warehouse into a modern e-fulfillment center with Logistics Vision...

22.03.2022 Omonia Trans, a historic 3PL in Greece, meets perfect order fulfillment with Mantis WMS LVS

Omonia Trans, a historic international transport and logistics company specialized in Fashion Logistics, implemented WMS LVS to exceed its customers’ new and evolving demands in the COVID-19 era.

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