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Demand Sensing & Forecasting

Be it a rainy day or a holiday, always know your demand.

best demand planning software

Benefits you’ll enjoy with our demand sensing engine

High-Precision Accuracy

Nothing stands between you and better demand accuracy

The precision of AI-led demand sensing, establishes your exact demand to the last unit at any given time; embracing demand drivers such as promotions, holidays, weather, and waste.
Self-Learning Algorithms

The market evolves in the blink of an eye, so do our algorithms

Our self-learning AI engine constantly cycles through and picks changes in your demand using tailored algorithms for every SKU, channel, store, or warehouse within your distribution.
New Product Introduction

Got a new entrant planned? Kronoscope has you covered

By analyzing look-alikes and substitute products, our demand sensing engine - Kronoscope plans your new product launch factoring in cannibalization, pricing and placement.
Reduced Inventory

Sell more with 20% - 30% reduced stockouts

Don’t be thrown off by up or downticks. Our automated outlier detection corrects anomalies to give you optimal inventory recommendations.

Moving the needle towards a stronger top and bottom line with

up to
30%
lift in forecast accuracy
up to
75%
reduction in stockouts
between
15% - 25%
improvement in promotion linked predictions

Get unmatched demand-prediction accuracy with our demand sensing engine

Request a Demo

Get accurate demand forecasts with highly granular near-term market insights with our AI-led Demand Sensing. Leverage advanced AI & ML with the best demand planning software to process large volumes from various sources, both internal and external, to allow for data-driven inventory decisions for every node in the supply chain. Unlike traditional demand forecasting which leverages only historical data to predict future demand, demand sensing enables you to respond to changing customer demand, market changes and optimize your supply chain pipeline and production in real-time. We help you include the impact of factors that impact demand like price, promotions, seasonality, events & holidays etc with the assistance of our demand forecasting software

We have a bottom up approach to demand sensing where the forecasts are made based on the data collected at most granular SKU/store/channel levels. Demand is predicted at such granularity and is then aggregated up for overall demand forecasts. In this approach, demand is predicted as close to the customer as possible and then rolled up to the top for more accurate demand prediction numbers. A bottom-up approach is a more pragmatic approach with lesser chances of human bias or error. 

With automated demand forecasting solutions like Kronoscope, you can predict demand accurately by layering your historical sales data with various other factors that impact demand accuracy. The factors such as seasonality, pricing, promotions, weather, events, etc. have a significant impact on the daily demand trends. This helps you respond rapidly to any changes in your supply chain.  

Demand Sensing also introduces automation in data collection and analysis through a demand forecasting tool that leaves very little room for manual error and biases and thus resulting in higher prediction accuracy. An accurate demand forecast helps in projecting optimum inventory levels and safety stocks leading to increased revenue, profitability, and working capital. Demand Sensing can help decipher customer sentiment and preferences at a granular level helping improve product mix and overall customer satisfaction levels.