Digital Transformation
Integrated Demand planning
Challenge
Solving the complex supply chain. Here’s how..
In a complex supply chain scenario, client intended to have world-class, analytically driven, closed-loop, and integrated demand planning process Intro – The client, a technology major, has multiple manufacturing partners, distribution channels, and customers at diverse geographic locations. In this complex supply chain scenario, client intended to have world-class, analytically driven, closed-loop, and integrated demand planning process supporting demand planners.
The client, a technology major, has multiple manufacturing partners, distribution channels, and customers at diverse geographic locations. In this complex supply chain scenario, client intended to have world-class, analytically driven, closed-loop, and integrated demand planning process supporting demand planners and turned to Cognitive Digital for building it.
The company improved its existing forecasting process by integrating new external data sources and developing machine learning ‘best fit’ algorithms.
Approach
Product segmentation
Product segmentation based on the forecastability was established
Enhancement of the existing time series forecasting algorithms
A new way of forecasting was created to enhance demand planning
Selection of the best business streams
Selection of the best business streams among the sales, distributor, finance, and marketing projections
Augmentation of sales pipeline
Exploration and augmentation of the sales pipeline, install base, and econometric drivers. Forward-looking sales pipeline signal integration in the demand forecasting
Key Milestones
$100 million in savings
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17% increase in planning accuracy
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8% increase in lead time attainment
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Service
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