Oracle Retail Demand Forecasting
Manage a Single Forecast to Drive Profitable Planning and Operations Reflecting Customer Preferences
Incorporate factors that impact sales, such as Website launches, new stores, product introductions, price and assortment changes, and promotions. Automate forecasting processes, and highlight problems or opportunities.
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Overview
- Translate detailed and summarized data into forward-looking actionable insights
- Automate data management and cleansing and make manual updates by exception
- Apply the appropriate forecasting method to observed or predicted selling patterns
- Adjust forecasts to correct for out of stock, seasonality, recent trends and other causal factors
- Improve forecast accuracy for promoted, nonpromoted, short- and long-lifecycle items
Benefits
- Increase revenue with more accurate forecasts and reduced out-of-stock incidents
- Reduce safety stock inventory and improve the flow of orders
- Reduce operating expenses with better demand forecasting processes
- Guide more-profitable decisions via exceptions and alerts
- Improve operational efficiency with automated data management
More About Oracle Retail Supply Chain Planning and Execution
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