WISE Demand Forecasting Software

Demand forecasting software is used by a wide range of industries, including clothing manufacturers, food and beverage producers, automobile manufacturers, and many others. It is most often used in manufacturing industries where it is necessary to predict demand in order to maximize production efficiency and profitability. Demand forecasts are also important for retailers who need accurate predictions in order to plan inventory levels. Demand forecasting is a process that helps predict customer demand for your items. Buying too much inventory wastes time, money and valuable warehouse space, not to mention lost revenue for having to liquidate overstocks. Mismanaging your customers demand leads to backorders, cancellations and unsatisfied customers who turn to your competitors.

Royal 4’s WISE Demand Forecasting Software manages the balancing act between minimizing inventory investment and optimizing revenue opportunities. It provides a sophisticated, yet easy to use solution to the forecasting challenges that overwhelm many companies. WISE overcomes these challenges by providing a single source for statistical demand forecasting throughout the enterprise. WISE Demand Forecasting does the heavy statistical lifting to provide the best trended, seasonally adjusted forecast possible. This frees your planners and buyers to concentrate their time on the fine points of merchandise planning and inventory optimization. WISE Demand Forecasting is synchronized with your ERP Software to help manage Financial Planning, Item Planning, and Inventory Optimization. This ensures that you always have the right items in stock, ready to sell.