Major Swiss Chemical company

Problem

• The need to improve the current forecasting process (raw-materials, finished goods and sales)

Solution

• New approach to improve forecasting quality and the effort needed to maintain it using new data sources like Forward looking indicators, Financial metrics: (GDP, Inflation, FX rates) and Big events (e.g. new years in china, olympic games etc.)

Impact

• Automation -> less manual work, less errors, less time
• Higher accuracy (97-98%)
• Better planning/cost savings