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Demand Forecast Reporting

We offer a consulting service to review and recommend demand forecasting reporting solutions tailored to your business needs. By analysing your current systems and data, we help you identify opportunities to simplify complex issues, summarise key insights, and enhance accessibility through optimised reporting strategies.

About our service

Enhance your demand forecast reporting

Our demand forecasting consultancy delivers actionable insights to help you predict trends and optimise inventory management. Through in-depth analysis and strategic recommendations, we empower you to anticipate market demands, streamline operations, and improve supply chain efficiency. Our tailored approach ensures you have the right strategies in place to meet customer needs and drive operational success.

Forecasting and reporting software

Forecasting and reporting software provides detailed and accurate predictions of demand and performance metrics. This software utilises advanced data analytics to analyse historical data, market trends, and seasonal patterns, enabling you to forecast future demand with high precision. 

At Hatmill we’ll recommend the best forecasting and reporting software for your unique business needs. This will enable you to optimise inventory levels, reduce stockouts, and minimise excess inventory, leading to improved efficiency and cost savings. We’ll consult on the dashboard build, ensuring you have the right insights available, so you can report to stakeholders and support better decision making within your business.

Process & considerations

The Hatmill approach to demand forecast reporting

A detailed demand forecasting report will help you to plan effectively for the future and reduce costs. We’ll consult with you throughout the dashboard build process, ensuring the final solution aligns with your unique business needs. By providing actionable insights and clear recommendations, we help you anticipate market trends, optimise inventory, and improve overall efficiency, setting your business up for long-term success. Here’s how we’ll do it:

Data collection

We’ll begin by understanding your business goals, challenges, and current data landscape. Through a detailed consultation, we’ll identify key data sources, such as historical sales and market trends, to establish the foundation for accurate demand forecasting.

Data analysis

Using advanced analytical methods, we’ll analyse your data to uncover patterns and trends. These insights will help us determine the specific requirements for a demand forecasting solution and guide the selection of the right reporting partner.

Forecasting strategy

Based on our analysis, we’ll develop a detailed demand forecasting strategy tailored to your needs. This includes actionable recommendations for the most suitable reporting providers and forecasting tools to deliver optimal results.

Reporting partner selection

We’ll assist in identifying and evaluating reporting providers, ensuring the chosen partner has the expertise and capabilities to meet your business requirements. Our consultancy will ensure the selected provider aligns with your goals and delivers high-quality reporting.

Feedback & refinement

We’ll work with your team and the selected provider throughout the reporting development process, offering ongoing consultancy to refine the approach. Our involvement ensures that the reports deliver the right insights and actionable recommendations for your business.

Continuous improvement

After the reporting solution is implemented, we’ll provide ongoing oversight and consultancy to ensure the outputs meet your evolving needs. By monitoring performance and offering strategic adjustments, we’ll help you maintain optimal demand forecasting and operational efficiency.

“Hatmill was able to quickly assess our operations and provide real actionable feedback on ways to improve our processes.”

– Commercial Director – Logistics, American multinational manufacturer

Report inclusions

The reports we consult on and work with partners to build generally include both a graphical representation and raw data to represent the following:

– Sales, margin, COGS, and units, capturing current period and YTD, including variance broken down by customer and product groups
– Forecasts and how they’re performing against actuals over time
– Historical forecast versions to see how things have changed over time
– KPIs, error and bias to assess forecast accuracy and where things can be improved

Tailored forecasting reports

At Hatmill we work with reporting partners to build tailored demand forecasting reports that align with your specific business needs and preferences. Our team will consult with you and partners to customise reports to highlight the most relevant data for your business ensuring you receive actionable insights that support informed decision-making and enhance your supply chain efficiency.

FAQs

What should you know?

  • Historical data is a crucial component of any demand forecasting report. This is usually combined with present-day demand data, stock level monitoring, and analysis of customer behaviours. All of these data points create a statistical forecast for the future.

  • The yearly cycle of your products is important for any demand forecasting report. Understanding how customer demand will fluctuate depending on the season, month, or even week helps you plan your stock and warehousing accordingly. Factoring in seasonal data from previous years helps create accurate demand forecasting reports for the future.

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