Demand Commander helps manufacturers and distributors predict, understand, manage, and adapt to customer demand to drive profit and revenue growth.
Foresight’s Demand Commander amounts to what can be considered a quantum leap in forecasting technology and demand planning process optimization. It combines next-generation software that learns and adapts to your business with an easy interface for understanding demand influences and making changes to data. Demand Commander is based on Foresight Technologies’ Interactive Neural Computing software, a framework that brings computer learning together with user instinct and experience for the first time in a supply chain application. Its functions include:
Demand Factor Learning – Demand Commander learns by constantly testing and evaluating business information about your products, sales histories, promotions, and their interrelationships, along with outside information like causal factors and econometric data. Using this approach, Foresight creates a universe of data for every product/location combination, reduces it to what is relevant, looks for relationships, and then applies these relationships to the forecast.
Model Creation & Competition – Foresight’s models compete to try to be the best at forecasting demand using proprietary intelligent optimization techniques. Foresight creates its own non-linear models for complex scenarios – it sometimes uses the simple technology of statistics for more predictable items – and then submits the best/most accurate (optimized) forecast for that item. Over time, Demand Commander changes its models on its own as it sees shifting demand patterns, trends, and causal factors, or the introduction of competing items, new competition, or product obsolescence.
Consensus Building – A forecast has to be trusted to build consensus. Software has to be intuitive to gain acceptance. Foresight starts with a better baseline forecast but it also makes it easy for organizations to build consensus around it. With Demand Commander, everyone in the organization (including partners and suppliers) can see the forecast, and easily add to it what they know to be different, i.e., price changes, supply constraints, promotions, etc. |
