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Seasonal Forecasting Package with Machine Learning
Forecasting food product sales is critical in the highly seasonal food industry. Seasonal peaks are closely aligned with certain holidays and periods throughout the year. Many food producers adapt their operations and sales strategies to capitalize on these seasonal trends.
“70% of our company business occurs during two holidays in the grilling season.”
– VP of Operations
“I’m tracking 3 product IDs for production over the next 2 months. How many should I plan to produce?”
– Scheduling Supervisor
Are you Unable to Effectively Forecast Sales and Plan for Seasonality?
Forecasting food product sales is critical in the highly seasonal food industry. Seasonal peaks are closely aligned with certain holidays and periods throughout the year.
Impact:
- Inability to effectively plan for a large segment of your business
- Inconsistent planning efforts due to inability to project product sales
- Frustration around planning for future growth
- Up in the air budgeting baseline
Sales Forecasting Key Features
The Neat Data platform seamlessly integrates with your food ERP and other systems to provide the analysis you need.
- Predictive forecasting by applying Machine Learning algorithms with a single click
- Forecast sales by any measure, including by product, by customer, by category
- Plan up to 36 weeks leading up to a yearly seasonal event such as Super Bowl weekend, 4th of July, or Thanksgiving
- Effectively budget based on statistical forecasting with confidence intervals
Neat Data’s Forecasting package supports the sales planning process throughout the year with machine learning from prior year trends. Plan your weeks leading up to each holiday, track them previous years, input week-by-week percentage change from the previous seasons. Use this data to manage your wholesale customers, aid in scheduling, and drive year over year sales.
Seasonal Forecasting with Machine Learning Visualizations
Forecast into the future using Machine Learning and Advanced Statistics
Product Datasheet: Neat Data for your Food ERP
Our Neat Data platform provides a pre-built data warehouse for your ERP.
- Your most important Food data
- Time and money savings
- Actionable data available on day 1
- Four packages to solve your business units’ challenges
Neat Data for Food Functionality
Hit the ground running with the Sales, Forecasting, Inventory, and Financials pages. Leverage best-in-class Power BI visualizations.