22 Aug

Demantra Engine Tuning Webinar

When:
April 12, 2018 @ 11:00 am – 12:00 pm
2018-04-12T11:00:00-04:00
2018-04-12T12:00:00-04:00
Contact:
Christina Bergman

AVATA webinar

Demantra Engine Tuning

Why You Should Get Your Forecast Engine Tuned

 

Join us Thursday, April 12, 2018

 

A Day in Your Life? 

 

“I don’t understand this!” “Why does the forecast suddenly jump?” “Is this the best we can get?”  Many companies implement Demantra with close to zero effort invested on tuning the statistical engine. Given the amount of thinking and effort put into all other configuration settings such as series, worksheets, integrations, and process flows, this has the potential of not realizing the full value of your forecasting solution.

 

Poor statistical forecasts lead to many inefficiencies including out-of-stocks, material shortages, higher inventories and over-compensation through poor safety stock policies. Moreover, users not having a basic understanding of how Demantra works contributes to user frustration. This all adds up to wasted time, manual work outside of the system, and true costs to the business.

 

Demantra’s sophisticated statistical engine can and should be tuned to significantly improve forecast accuracy and reduce supply chain operational costs. Demantra’s engine has a range of levers to achieve this, starting with the ability to model causal factors that influence demand such as trend, seasonality, special holidays, end-of-quarter patterns, promotions, life-cycle and so on. Combined with the forecast tree configuration, selection of various engine models (Regression, Crostons, Holt, etc) and settings of many business-related statistical parameters, there is much that can be done to influence the forecast. (To learn more, check out this blog post)

 

Key Topics Covered:
  • Understand the different components of the Demantra Statistical Engine
  • Some real examples of problematic forecasts
  • What is tuning?
  • Metrics employed
  • AVATA’s tuning methodology
  • Why “Knowledge Transfer” is critical during the tuning exercise

 
Presenters:

Jim Heatherington, VP of Sales, AVATA
Andrew Calder, Director of Consulting, AVATA – Australia

 

           

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