Our customer is one of the largest manufacturers making watches, eye wear and precision engineering globally.
For efficient demand casting, the client wanted to develop a model to forecast profitable sales avenues via data analytics.
By studying all available past data and central data storages, Technovert was able to deliver an ear-marking solution to enhance their demand-forecasting, analytics and decision making capabilities.
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As a usable and scalable solution, the client was looking to advance its existing forecasting model performance through a more extensive and robust data-driven methodology for their demand casting process. As digital technology continues to evolve, customers use digital platforms for various activities that gives a wide variety of data availability. Thus, it becomes difficult to predict demand volatility.
A large segment of sales was found to be focusing on small but non-profitable portion of customers and there were concerns related to regional and store level stockouts that was leading to revenue loss.
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