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Forecasting, Why and How?
Adjusting your capacity and your resources to meet the customer demand is critical to ensure a high profitability: too much capacity and money is wasted in personnel, unused inventory; too few capacity and opportunities are lost. Yet, the demand is continuously changing in rather complicated ways.
Lokad delivers
quantitative statistical forecasts based on your historical data. With those forecasts, you can allocate the right amount of capacity, inventory and personnel. Adjust your business to the demand.
Time-series models and forecasts
Lokad specializes in
time-series forecasting. For example
- daily sales for a given product in a retail store.
- weekly production orders for a manufacturing company.
- hourly volume of phone calls to a call center.
- average monthly capacity usage of a warehouse.
Lokad extends time-series into the future and delivers forecasted time-series.
How Lokad works?
Lokad is a hosted software. Historical data is sent to Lokad, and Lokad returns the forecasts.
Our add-ons enables a complete integration of Lokad within your existing company software.
Lokad handles completely data modeling and forecast accuracy monitoring.
Download
Lokad Desktop Sales Forecasting and get your first forecast report within minutes!