Actions Enabled
- Updates to forecasts
- Updates to procurement/production plans
- Updates to planned inventory mix
- Updates to planning parameters
Forecasting and Planning
Beyond showing data, OpsVeda continuously validates plans, identifies forecast risks,
and alerts stakeholders to supply-demand gaps before they escalate.
Simplify Planning. Strengthen Execution.
Operational plans are cross-functional and must accommodate conflicting priorities. Visibility is only part of the solution. The bigger challenge is inter-departmental optimization. Complex processes that change often and a very uncertain business environment add to the difficulty.
OpsVeda continuously assesses the realness of plans by evaluating forecasted demand as well as the ability of planned supply to service the demand. Potential forecast problems and supply-demand misalignments are detected early, and stakeholders are alerted. In many cases preventive or corrective actions are also prescribed.
Benefits
2%
Increase
in revenue
20%
Improvement in Revenue guidance accuracy
3%
Lower Cost of Goods Sold (COGS)
15%
Reduction in Inventory
Solution Coverage
Merchandise Planning
With OpsVeda, build and update plans by leveraging historic sales mix at all levels – channel, brand, store SKU, style, size and other attributes. Monitor continuously against plan at all levels and receive proactive alerts for deviations in sales or inventory mix.
Scenario Planning
Use OpsVeda to test your plans for a wide range of scenarios with different values for each parameter. Validate impact on financials, inventory, service levels and other KRAs.
Parameter Calibration
Parameters like lead-times, fill-rate thresholds, and MOQ are rarely reviewed through plans are based on them. OpsVeda leverages machine learning to discover patterns around various planning parameters and prescribe changes or more granular estimations.
Clear to Buy
Keep track of traction during events, feedback on samples, and customer commitments. Use OpsVeda to turn these field data to plans and buying requests with workflows for management approval.
Forecast Accuracy
Fix demand plans by continuously monitoring forecasts against actual performance. OpsVeda assesses the forecast based on historical accuracy, M-o-M and Y-o-Y growth projections vs. actual growth in the previous months. It can also factor in social media chatter, and online price fluctuations to assess possibility of deviations from forecasts.
Want to learn more about our subscription plans and pricing?
Get clear pricing, plan details, and answers from our team.