Our client is a global life sciences and healthcare company, headquartered in the US.
Their Trade S&OP team needed to accurately forecast shipments that would help them in effective inventory management. This was required to be done for their diabetes care unit, specifically for high-selling glucose monitoring devices and test strips.
We built a trade forecasting tool that helps the planning manager accurately forecast at a product SKU, wholesaler/retailer customer level, rolled up to net shipment units and dollars among other inventory management related metrics.
Key Analytics Delivered:
The shipment forecasting tool delivered an integrated forecasting solution with a monthly forecast error rate within +/-5% for power SKUs across customers, for the past year.