Customer Specific Forecasting Model Helps Global Giant Improve Forecasting Accuracy
The client is one of the largest conglomerates in the world and operates in over 200 countries across the globe. To enhance customer satisfaction and increase operational efficiencies, the client desired to plan demand for individual customers based on optimum order quantity. In this model, the actual Point Of Sales (POS) data was to be taken as the base, and optimum order quantity was to be calculated by considering inventory policies and other constraints. However, calculation of optimum order quantity was a challenging task as it was to be derived by applying various parameters related to the customer's inventory policy. Patni partnered with the client to deliver a complete end-to-end solution which included Business Analysis, Prototype Design, application design, application development and unit testing.