Order forecasting tool

Summary

A self-developed demand forecasting tool offers contract manufacturers a solution to chaotic and unpredictable order streams.

Demand Forecasting in Practice

An entrepreneur has developed a demand forecasting engine for his contract manufacturing unit, maintaining control over the process instead of relying on external tools. The system is designed to manage over 50 clients and 500 brand-product combinations, with orders often coming irregularly via WhatsApp or phone. This led to last-minute material shortages and tight production schedules.

The Impact on the BI Market

For BI professionals, this development indicates that custom-built solutions are becoming increasingly attractive, especially for companies with complex demand structures. This blurs the line between data visualization and operational systems, allowing businesses to gain competitive advantages by creating tailored tools that fit their specific needs. Competitors like traditional ERP providers may face pressure due to the rise of such bespoke solutions.

Takeaway for BI Professionals

BI professionals should consider how to integrate custom solutions into their strategies, particularly regarding demand forecasting. Developing in-house tools can not only save costs but also enhance control and flexibility in supply chain management.