Inventory Forecasting for Professionals
Raise forecast accuracy with powerful inventory forecasting software
Keeping the amount of stocked goods in limits is a tough task sometimes. Indeed, if you let your inventory go down, this can lead to paused production, drop of sales and even total crush of your business. On the other hand, having too much stock is not good either, because you obviously don’t want to put excessive funds into stuff that simply waits its turn in warehouses. Plus you must take into account sales, demand, marketing and promotional operations to re-stock in time. Sounds like rope walking – any incautious move can lead to fall.
Balancing the inventory can be made easier though, if you apply inventory forecasting software. Such software will analyze your previous historical data and builds a prediction of further inventory needs.
GMDH Shell is inventory forecasting software designed specially to be utilized in various applications, including inventory forecasting. The GMDH algorithm this versatile tool is based on, was developed in 1968 by Russian mathematician prof. Ivakhnenko in Kyev. The algorithm proved to be quite efficient in building predictive models both in terms of the strength of prediction and overall analysis time.
However, our specialists put much effort into improving this method even more and now we can proudly state that GMDH Shell is one of the most advanced yet extremely fast inventory forecasting software in the industry.
And thanks to a set of predefined profiles for many common applications, the program is very easy to start working with.
Using GMDH Shell to improve forecast accuracy, you can:
Align inventory with customer demand
Boost customer service levels
Shorten cycle times
Eliminate redundant and obsolete inventory
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Inventory Forecasting Software Resources:
- Wikipedia Article on Demand Forecasting
- Forbes Article on Demand Forecasting: Going Beyond Historical Shipment Data
- Article on Inventory forecasting - GJM Associates
- The Benefits of Accurate Demand and Inventory Forecasting
About GMDH Shell
GMDH Shell is a forecasting software, developed by Geos Research Group, that enables users of all types to easily and accurately forecast their data.
Based on artificial neural networks, it allows you easily create predictive models, as well as preprocess data with dead simple point-and-click interface. Unlike other NN-based tools, it's very fast because of state-of-the-art parallel processing and great core algorithms optimization.
You can download a free trial of GMDH Shell. Additionally, we will be happy to create a demo project with your own data. This way you will be able to test and evaluate GMDH Shell’s performance with minimum efforts, at the same time reviewing your own data, not on a random sample.
Feel free to contact us, if you have any additional questions, we will be happy to answer.
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