Solutions Platform
Foundation for Demand-Driven Solutions
The journey to better forecast accuracy begins with Terra's Demand Sensing platform. This platform provides the foundation to analyze and reconcile current demand signals and to create the most likely forecast based on the optimal blend of these signals.
Touchless Operation
Once you start looking at demand signals across the supply chain for every item, there is simply too much data for people to review daily, let alone make sense of. Demand Sensing automates the extraction of meaningful information from these masses of data, without needing armies of new analysts. To the contrary, Demand Sensing frees whoever owns the forecast from repetitive burdens and allows them to focus on strategic areas such as planning promotions or making network changes to improve cost-efficiency. For companies where the forecast is owned by the supply chain group, this lets the planners plan. If Sales owns the forecast, this lets the sales people sell. The net result is better staff productivity and the best possible prediction of future demand.
A Solution for Every Time Frame
Terra's Demand Sensing platform now offers a solution for all forecasting time frames. Whether you are looking for a better two-week forecast to improve deployment, a better two-year forecast for strategic planning or anything in between, you can count on Demand Sensing for results that are accurate, current and consistent.
The Next Frontier - Downstream Data
The next step towards forecast excellence is to leverage downstream data for end-to-end forecasting that starts at the retailer or distributor. By adding downstream data, Multi-Enterprise Demand Sensing (MDS) option can double the improvement of Demand Sensing. MDS supports all granularities of retailer data, including daily-data-daily for the most accurate results. Typical data sources for MDS include:
- Retailer data: POS data, channel inventory, retailer forecasts
- Manufacturer data: orders, shipments, DC inventory levels
- Data from additional sources that may contain relevant information
Cut Inventory
Balancing inventory with service levels has never been easier. As an option to the Demand Sensing platform, Multi-Enterprise Inventory Optimization (MIO) converts accurate daily forecasts into inventory strategies for all echelons across the value chain – including retailer locations. MIO helps to free cash flow and improve margins by setting statistical minimum and maximum inventory levels to promote profitable growth by balancing service levels with invested working capital and avoiding waste.