(DF) Demand Forecasting

A simple-to-use yet sophisticated tool for understanding, sensing and predicting demand.

Increase demand forecast accuracy to balance inventories, increase operating margin and improve results.

Fulfilling demand while keeping costs down requires short-term responsiveness combined with medium/long-term planning. An accurate demand forecast promotes efficiencies in the entire supply chain. Supplymind’s algorithms create demand forecasts that produce enormously better results than relying on traditional methods.

We incorporate trends and seasonal patterns, outlier treatment and event planning along with our proprietary algorithms. Hospitals and health systems save time, confident that the right variables are being considered for maximizing operating margins and improving results.

Key Features

  • State-of-the-art forecasting methods.
  • Single item and group forecasting (clustering).
  • Similar & Substitute item treatment.
  • Simple to no configuration needed.

Key Benefits

  • Increase forecast accuracy by 5% - 20%.
  • Reduce inventory by 15% – 30%.
  • Reduce stock-outs and risk of stock-outs.
  • Improve service level and outcomes.