Combining Forecasting, ML and Optimization for Supply Chain Management

The art of the possible. For FICO clients, that means having the ability to quickly build and create systems of connected models so that business users are empowered to make the best decisions. Whether your portfolio consists of a few products or a few thousand, you’re responsible for executing against goals. In an era of razor-thin margins, declining IT budgets, and competitors constantly trying to outmaneuver you, accurate forecasts against your goals have never been more valuable. But inventory planning can still be a roll of the dice, and poor distribution execution leads to empty shelves or—worse—aggressive discounting to clear them. Accurate forecasting is not a “nice-to-have,” it’s inherent to maximizing your bottom line. Fortunately, FICO offers a solution that has already helped some of the world’s leading organizations conquer their most complicated supply chain management challenges. Please join this complimentary webinar to hear one of the latest success stories. Grupo Fleury, one of Brazil’s largest diagnostic medical companies, recently worked with FICO to create a demand planning management tool, known as the “Fleury Forecaster.” We’ll discuss how their tool allows them to make winning predictions by taming dozens of forecasting algorithms and having them compete against each other to give more accurate answers – all with a click of a button. The results have revolutionalized their approach and performance: Significant reduction in the necessary time to create a sales forecast Increased demand forecast accuracy (overall mean absolute percentage error reduced by 10%) Earlier awareness of changing conditions, enabling staffing coverage adjustments that protect revenue and service levels Grupo Fleury’s efforts led to recognition in the “AI, Machine Learning & Optimization” category at the 2018 FICO® Decisions Awards. Although they’re a medical provider, the challenges and takeaways from their transformational journey are relevant to any organization that is reliant on supply chain management for success. Therefore, we’ll be sure to leave time for questions. We hope you can join us! If you have any questions, please contact Hugh Allyn at hughallyn@fico.com.