Revolutionizing Demand Planning with Logility's DemandAI+

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Revolutionizing Demand Planning with Logility's DemandAI+

The Problem with Traditional Demand Forecasting

Traditional demand forecasting methods often fall short in today's rapidly changing markets. These methods rely on statistical models that require accurate historical data, which can be challenging to obtain in environments characterized by frequent new product launches and global supply chain disruptions. Due to these dynamics, past data may not accurately predict future trends. While adding AI on top of traditional forecasts can help mitigate inaccuracies to some extent, it is not always sufficient. This is where the AI-first capabilities of Logility's DemandAI+ come into play.

How DemandAI+ Transforms Demand Planning

DemandAI+ introduces a groundbreaking approach to demand planning that enables organizations to quickly respond to sudden shifts in demand, leading to enhanced inventory management. The solution utilizes advanced AI techniques from the initial stages of forecasting, employing an ensemble methodology to generate the most precise forecasts, even when historical data is limited or unreliable. By shifting the focus of collaboration towards demand drivers such as promotions, events, seasonality, and trends, DemandAI+ eliminates the subjective and siloed nature of traditional processes.

Benefits of Using DemandAI+

Companies that have implemented DemandAI+ have reported significant improvements in their operations. These include a reduction in forecast error ranging from 15% to 30%, a remarkable 70% decrease in weekly planning time, revenue increases of up to 4%, and EBITDA enhancements of up to 10%. Moreover, customer service levels have seen improvements of up to 3%. By leveraging the power of AI-first demand planning, organizations can achieve cost savings, error reductions, and faster implementation times, establishing a more agile and responsive supply chain.

Success Stories with DemandAI+

A global coffee company exemplifies the impact of DemandAI+ by improving their short-term forecasting accuracy by 32% and reducing working hours dedicated to planning by 70%. These outcomes highlight the tangible benefits that organizations can achieve when adopting advanced demand planning solutions like DemandAI+. Through the successful application of AI-driven forecasting tools, businesses can optimize their operations, enhance efficiency, and drive growth.

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