Optiwiser A.I. Solutions

Optimize your data wiser

I DO

I DO Biosaft uses our Demand Planning tool Predictwiser.Cloud and the technology behind it called StreamWiser™

Results:

Project Approach

Project Summary

Problem

  • I DO suffered from the forecast accuracy of their demand planning tool
  • This had major impacts on the whole supply chain, especially on production and inventory planning

 

Consequences

  • I DO suffered from production bottlenecks and could not meet customer requirements and agreed due dates.
  • Inventory Management issues due to over- and underproduction which resulted in high waste

Cause

  • Their previous demand planning tool Streamline only used simple statistical methods for forecasting
  • Therefore the model was not able to consider any secondary data like weather, holidays and so on

Role of Optiwiser

  • Extracting & analyzing the data
  • Evaluating the performance of Predictwiser
  • Integration of Predictwiser
 
 
 

Action taken

  • Apllication of AI algorithms
  • Identify and include all the relevant secondary data into Predictwiser for a more accurate forecast 
 
 

Results

  • 90% forecast accuracy for all products
  • Our Predictwiser.Cloud demand planning tool increased prediction accuracy by 50%

Quick Glance on the Results

Our Achievements

Total forecast accuracy
90%
Increased forecast accuracy compared to previously used software
50%
Less Inventory
70%
Meet Due Dates and Quantities
100%
Can other modules be integrated into the cloud solution?
100%

Digitize & Automate your Demand Planning today!

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