Demand Sensing
Enterprise Demand Sensing Platform
Demand Sensing automates the synchronization of demand signals, combining massive amounts of data in a structured way to produce the most likely prediction of future demand. By using better math plus additional data, Demand Sensing typically reduces forecast error by 30% to 40%. Results are published directly into supply planning systems, touchlessly scaling to meet the needs of the world’s largest and most complex supply chains.
The software bolts on to traditional demand planning systems and is completely compatible with demand planning systems from all major ERP and supply chain vendors, including SAP, JDA and Oracle.
Why Demand Sensing?
- Gain a step-change improvement in forecast accuracy with very little effort
- Use accurate demand predictions to confidently reduce inventory and lower operating costs
- Build a more agile and responsive supply chain to mitigate effects of market volatility and further your demand-driven journey
- Remove days or weeks of inventory
- Lower working capital requirements
- Improve cash conversion cycle
- Cut operating expenses and drive profitable growth
- Improve on-shelf availability and customer service
- Enhance lean processes
- Reduce unplanned changeovers
- Decrease stock rebalancing/order movements
- "Reduce” provides more impact than reuse or recycle
- Create a smaller inventory footprint
- Lower emissions from the redistribution of goods
- Achieve significant carbon and water savings
Real-World Results
Terra Technology pioneered demand sensing and is the only company to offer a solution with guaranteed results. Starting with data from within the manufacturer network, Demand Sensing provides an immediate boost in forecast accuracy, enabling significant inventory reduction and operating cost savings. Adding downstream data provides a second step-change in forecast accuracy to create an even more agile and responsive supply chain. We don't just make these claims: our customers support them in interviews, case studies and press releases; as do analysts through case studies and impartial industry research; and other software companies that have studied our solutions.