Consumption Driven Forecasting app is built to improve Forecast Accuracy based on internal and external drivers while leveraging the true power of Machine Learning. The app is built on the foundation of ExpeditAI framework and leverages the foundational apps master data and harmonization.
The Consumption Driven Forecasting app is designed to enable the Forecasters a higher degree of control in picking the variables (features) that could affect the forecast and in providing alternative Algorithms so that they can select the best algorithms for their specific needs.
The Consumption Driven Forecasting app could be used standalone for improving the forecast or could be used in conjunction with the Demand Planning and Inventory Allocation apps.
The key objectives of the app: