Top Demand Forecasting Solutions Companies - demand-forecasting Companies

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4R: Creating Sustainable and High Quality Supply Chains

Top 10 Demand Forecasting Solutions Companies - 2022

Accurate and efficient demand forecasting is integral to the growth of every organization. The shifting focus from big data to smart data is driving organizations to expand their data sets to craft better demand forecasting strategies. At the same time, the application of new technology solutions has made demand forecasting less complex, more reliable, and significantly impactful.

According to a study by Grand View Research, the global demand planning solutions market was valued at $3.6 Billion in 2021 and is expected to grow at a CAGR of 10.3 percent from 2022 to 2030.

The prolific growth of the industry can be attributed to the rising awareness of the benefits offered by demand forecasting solutions, such as enhanced customer experience, lower inventory costs, and increased efficiency in overall production.

The application of AI solutions in demand forecasting is helping companies to utilize popular demand forecast methods such as deep learning and differentiable programming. AI enables them to improve forecasts based on historical data, previous market trends, and social media.

The Internet of Things (IoT) also helps analyze and predict demand by factoring in other variables, such as seasonal purchases and weather conditions. With the application of IoT and other sensing technologies, businesses get a clear, accurate, and comprehensive picture of their inventory, enabling them to schedule stock purchases as and when required, thereby controlling costs and reducing inventory loss.

This edition of Retail Tech Insights highlights the recent developments in the demand forecasting arena and insights into how businesses are aligning with these trends to transform legacy practices.

We have curated thought leadership articles from industry experts, including the President of Global Operational Services at Essity and the Manager of Customer & Marketing Analytics at QVC. We also took a deep dive into the market trends to narrow down the list of companies delivering robust demand forecasting solutions. Equipped with innovative technological capabilities, companies like 4R Systems help transform businesses at the cloverleaf of various disruptive technologies.

We hope this edition of Retail Tech Insights on demand forecasting solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.

    Top Demand Forecasting Solutions Companies

  • 4R

    4R

    4R is an organization that is combining its AI solution with industry expertise to predict, plan, and navigate through supply chain disruptions while at the same time leveraging technology to plan and forecast better.

    4rsystems.com

  • Algonomy

    Algonomy

    With the industry’s first real-time Algorithmic Decisioning platform that combines data, decisioning, and orchestration, Algonomy (formerly Manthan-RichRelevance) enables top businesses to go digital-first. Algonomy delivers 1:1 omnichannel customization, customer journey orchestration & analytics, merchandising analytics, and supplier cooperation with industry-leading retail AI expertise connecting demand to supply and a real-time customer data platform as the basis

  • CT Global Solutions

    CT Global Solutions

    CT Global Solutions’ Easy Demand PlanningTM is a portfolio of analytical services that combines SAS® demand and supply planning software with bespoke service hours, cloud hosting, and models. Their programs will help user increase accuracy, automation, and scalability when it comes to establishing and growing demand and supply planning with specific monthly subscription packages

  • Demand Management

    Demand Management

    The Digital Supply Chain Platform from Demand Solutions delivers the technology, data, and insights required to evaluate complex problems and automate simple ones. Demand Solutions combines artificial intelligence and machine learning with descriptive and prescriptive analytics, keeping its supply chain in tune while enabling autonomous planning

  • InVision Software

    InVision Software

    Forecasting for several channels has never been simpler, quicker, or more precise. Users spend less time on the tiresome and repetitive forecasting components using injixo’s sophisticated forecast capabilities. Thanks to clever functionality and excellent optimization capabilities, injixo Forecast combines quality and precision

  • Invafresh

    Invafresh

    Invafresh is a fresh item management software that assists grocery store operations in increasing fresh food sales and creating immersive consumer journeys. Users may utilize the program to manage demand changes, capitalize on the increased demand for fresh produce, and track and monitor specific regions of high shrink to uncover food saving and sustainability benefits

  • Manhattan Associates

    Manhattan Associates

    Manhattan Associates is a supply chain and omnichannel commerce technology leader. Manhattan Associates develops, manufactures, and delivers cutting-edge cloud solutions so that users may reap the benefits of the omnichannel marketplace throughout the store, across the company network, or from the fulfillment center

  • o9 Solutions

    o9 Solutions

    O9 Solutions is a cloud-based company management software that drives integrated planning and operational digital changes. It provides digital management solutions for sales, supply chain, product innovation, and integrated business planning

  • Optimity Software

    Optimity Software

    The Demand Planning Solution from Optimity includes everything users need to build accurate demand plans, ensuring that the supply chain operates consistently and profitably. The system combines sophisticated statistical forecasting techniques with intelligent, user-friendly collaborative tools and analytical analytics

  • Valtitude

    Valtitude

    Valtitude, originally Demand Planning LLC, is based in Boston, Massachusetts and offers process consulting & technology solutions in Demand Planning, Predictive Analytics, S&OP, and Supply Chain Optimization. They assist customers in understanding the specific business and organizational obstacles that impede the establishment of a comprehensive Demand and Supply Management process using their proprietary diagnostics technique

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