Food and Beverage Company Industry Sheet
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Demand planning and forecasting help food and beverage companies face industry challenges
The need to balance supply with increasingly varied demand is more critical than ever before. Food and beverage brands, manufacturers, and distributors must optimize inventory levels to have the right product variety and amount in the right place at just the right time. All of this must happen to guarantee sales and make revenue goals.
However, there are hard-to-determine variables to maneuver:
- New product adoption
- Ability to sync production with demand and capacity
- Demand volatility by trend, fad, and season
- Ability to complement time-series forecasts with sales-team knowledge
- Disparate or unintegrated data
- Sourcing, stocking, and ordering
- Omni-channel sales and fulfillment
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Social media-style communication feed allows users to collaborate across teams - even tag objects and people.
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Monte Carlo Simulation
Compare hundreds of scenarios in seconds. Generate forecasts with higher confidence levels and superior risk transparency.
Gain visibility and foresight with our easy-to-read consumable analytics. Let our AI engine recommend next steps to ensure best practices.
Play with what-if scenarios in-memory. Feel confident about your next steps before committing plans to the database.
Real-world modeling, flexibility, and reliability are just a few of the benefits of an object-oriented database.