QueBIT Blog: Demand Planning – Continuous Evolution Leads to Best-In-Class

Posted by: Deepak Kumar May 26, 2022 9:45:00 AM
Demand planning is a critical cross-functional process, which helps to align and forecast customer demand for a product or business. It aids to optimize inventory management, avoid supply chain... Read More

Predictive Analytics Driven Demand Planning is a Game Changer

Posted by Richard Creeth

In traditional budgeting environments planning demand and thus revenues, has typically been a semi manual process. For example, an insurance company might model premium income by starting with policies currently in force, estimating attrition rates, forecasting new policies due to marketing efforts, and adding in the impact of increased  or decreased premiums, in order to come up with projected policy volumes and premium income. This process relies upon the subjective judgment of someone who is reasonably expert in the particular insurance market.

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Topics: Demand Planning

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