Market Overview

Enhancing Demand Forecasting Capability By 30% - A Quantzig Success Story


Quantzig, a pure-play analytics solutions provider, has announced the
completion of their latest demand
forecasting engagement on the logistics industry
. A global
healthcare logistics service provider specializing in the development,
packaging, and distribution of unique healthcare products wanted to
identify the precise methods of demand forecasting for enhancing
business efficiency and devise effective analytics-based strategies to
calculate the optimum level of inventory.

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Enhancing demand forecasting capability by 30% - A Quantzig success story (Graphic: Business Wire)

Enhancing demand forecasting capability by 30% - A Quantzig success story (Graphic: Business Wire)

According to the analytics experts at Quantzig,
"Demand forecasting involves the systematic measure of the future
demand for a service or a product. These methods are basically divided
into two, namely, survey-based methods and statistical methods."

Today, every industry is facing challenges due to the changing
regulatory laws, customer expectations, market dynamics, and the ongoing
technological advancements. Such factors are also forcing companies to
re-evaluate their demand forecasting techniques and demand management
capabilities. However, one of the major challenges in demand forecasting
is to identify the suitable demand forecasting techniques according to
the needs. There are various demand forecasting techniques available
today and there is no single or standard technique that empowers an
organization to determine risks in the future. Hence, it is very
important to keep abreast of the various demand forecasting techniques
within a specific industry.

a Solution Demo
to see how Quantzig's demand forecasting
solutions can help you.

The demand forecasting analysis helped the client to identify balance
points and inventory optimization techniques. The client was also able
to predict SKU demand for every business unit with an accuracy of 80%.

This demand forecasting solution provided
benefits that helped the client to:

  • Tackle several challenges due to logistics disruptions at multiple
    inflection points
  • Implement the best forecasting techniques to avoid any adverse impact
    on their bottom line
  • To know more about the benefits of demand forecasting, speak
    to an expert

This demand forecasting solution offered
predictive insights on:

  • Identifying crucial parameters to ensure success in the future.
  • Gaining visibility across business functions, improving profit
    margins, and enhancing efficiency.
  • To gain relevant insights and understand the scope of our
    a proposal

View the complete demand forecasting analysis study here:

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US,
UK, Canada, China, and India. For more than 15 years, we have assisted
our clients across the globe with end-to-end data modeling capabilities
to leverage analytics for prudent decision making. Today, our firm
consists of 120+ clients, including 45 Fortune 500 companies. For more
information on all of Quantzig's services and the solutions they have
provided to Fortune 500 clients across all industries, please contact us.

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