More accurate, sophisticated, business user friendly forecasts

Improving the forecast accuracy of existing forecasting and replenishment systems

Predictix Forecasting reduces inventory and improves service levels for retailers and brands with existing forecasting and replenishment systems, by significantly improving the accuracy of their forecasts. It also allows companies to accomplish this quickly and without disrupting the business.

Predictix Forecasting delivers more accurate demand forecasts that are seamlessly integrated with a retailer’s current forecasting and replenishment solutions. Predictix Forecasting is transparent to end users, who continue working in their existing systems. Predictix Forecasting can be rolled out in as little as 90 days with minimal up-front investment, a low monthly subscription, and no investment in hardware, software, ongoing operations or upgrades.

Predictix Forecasting scales to perform for even the largest businesses and has been proven with Tier 1 retailers and brands in the U.S. and Europe and across a variety of retail segments. Predictix Forecasting incorporates superior science that significantly increases the accuracy of promotional forecasts, as well as effectively addressing other complex situations such as forecasting new items or stores, short lifecycle products, cyclical and event seasonal profiles, returns, and daily or hourly forecasts.

Turning forecasting into an effective business tool

Forecasting is perceived as an arcane art rather than as a powerful business tool. Today’s forecasting systems only reinforce that reputation – they are unwieldy, require unique skills, and their outputs have rightly earned them the moniker “black boxes.” The result - forecasts are often discarded in favor of business people’s gut instincts. What should be one of the most powerful tools in the business arsenal instead becomes an academic exercise.

For companies that want business users to directly view, analyze, understand, and interact with various components driving their forecasts, Predictix Forecasting can be deployed with a powerful yet intuitive user interface. One where every input is clear, where multiple scenarios can be tested on the fly, and where the outputs are transparent, understandable, and manipulable by the business to meet their needs. Think of it as a “clear box” to do away with the “black box.”

Intuitive workflow-based user interface

Rather than simply present a set of features and functions, Predictix Forecasting presents a pre-defined workflow menu that leads forecasters though their weekly processes, while also giving them the flexibility to tailor how they work, with a high-performance user interface.

Directed management by exception

Managing by exception is critical to efficient and effective management; adding guidance and recommendations makes Predictix Forecasting that much more powerful. Our system-defined business and statistical rules not only point the forecaster to issues and opportunities related to the business processes supported by forecasting, but also provide recommendations to solve them.

Transparent, understandable outputs

Predictix Forecasting is designed with a unique component-based approach that lets forecasters view the individual forecast components, statistics, and effects that go into the numbers. Forecasters can understand, question and test the assumptions that went into the forecast, and assess in real time the impact of each component - base forecast, seasonality, promo, etc., on the numbers.

Real-time scenario comparisons

Your forecasters must be able to bring their experience and business judgment to the table when making decisions. This includes testing various hypotheses and assumptions about the business. Your forecasts, therefore, must not only be transparent; they also can’t be etched in stone. Predictix Forecasting allows forecasters to change any of the assumptions or suggested settings, and see immediate what-if results.

Practical solutions to complex questions

One of the hallmarks of the Predictix approach is that it’s designed with typical yet complex situations in mind, to ensure that these are tackled in a way that’s both intuitive to business users and rigorous from a statistical perspective.

One forecast driving all merchandising solutions

The Predictix forecasting engine drives every one of our solutions, ensuring consistency and finally eliminating the second-guessing inherent in having different "versions of the truth" for each part of your business.