Medical Equipment Manufacturer

Building a forecasting model for a medical equipment manufacturer resulting in significant forecasting accuracy improvements allowing better procurement planning and contract management

Challenge

• Forecasting challenges when it comes to their supply chain
• Demand Planners working very manually with back and forth between planners, sales, and manufacturing
• Goal is to improve this with a more intelligent tool

Solution

• Built forecasting model with features included in Darts in combination with hierarchical reconciliation
• Solution would stream data directly from SAP

Impact

• Forecasting improvements of 10-60% compared with historical forecasting methods, depending on the time outlook in the model
• Helps procurement negotiate better contracts with suppliers and plan manufacturing accordingly