About Novo Forecast Enterprise in 2 minutes

The Novo Forecast enterprise is a digital system that uses Artificial Intelligence and Machine Learning algorithms to automate demand forecasting and organise integrated planning in the supply chain. The typical tasks that Novo Forecast Enterprise solves: ✔ Improving forecasting accuracy and the speed of data gathering and processing to obtain forecasts ✔ Modelling of each step of the supply chain ✔ Extension of the forecast horizon ✔ Establishment of a clear process of communication between sales and planning departments The main advantages of Novo Forecast Enterprise: ✔ Organises integrated, collaborative and end-to-end planning ✔ Allows you to make your sales plan flexible and avoid out-of-stock cases, minimise overstock and reduce illiquid inventory ✔ Automates the forecasting of demand process ✔ Optimises supply chain management The effect of implementing Novo Forecast Enterprise: ⚪ Increases forecast accuracy up to “90% “ ⚪ Working capital savings of up to “30%“ ⚪ Increase in profit by “3% - 5%“ due to: Growth of regular sales and planned activities ⚪ Reduction of “out of stock“ situations by ~ 50% and “over stock“ situations by ~70% (and as a result, reduction of possible write-offs) ⚪ Increase speed of decision-making - only minutes instead of days. Request for system demo and discuss your project: Implemented projects: Chapters: 00:00:00 - Overstock - who suffers from it? 00:00:16 - Planning as a key process in supply chains 00:00:39 - Where, when and what amount of goods do you need to deliver? 00:01:16 - What’s the main advantage of Novo Forecast Enterprise? 00:01:50 - How to build a competitive business in today’s competitive realities #NovoBI #NovoForecastEnterprise #SupplyChainManagement #OperationalPlanning #DataAnalysis #SuccessStories #analytics.