GoodsForecast platform among solutions supporting digital transformation of the industry

Ekaterinburg-Moscow, July 14, 2023. Last week, GoodsForecast experts participated in the Innoprom-2023 Forum, a key international event dedicated to the development of the industrial and manufacturing sector. It is the most important intellectual platform where strategies for industrial sector renewal, approaches to sustainable production and opportunities for international cooperation are discussed at the highest level.

“Both the government, industrialists and suppliers are determined to work proactively and develop the industry. For this purpose, a strong emphasis is placed on information technology. Sessions on artificial intelligence and the migration to domestic IT solutions managed to gather full halls. Business is trying to figure out how not just to speed up existing processes but to transform them qualitatively and what experience has already been accumulated in this area,” Andrey Multanov, Director of GoodsForecast’s Heavy Industry Department, commented.

The event featured 20 panel discussions on advanced manufacturing tools, digital solutions, electronic collaboration, digital transformation of enterprises, robotics, additive manufacturing, new materials, unmanned systems, industrial software and international cooperation.

The topical solutions presented at the Innoprom-2023 forum that can support the digital transformation of industrial enterprises, including import phaseout ones, included the configurable GoodsForecast Integrated AI Planning Platform.

The platform helps build end-to-end planning processes across the entire enterprise’s production chain focusing on maximizing demand satisfaction with minimal costs. Using artificial intelligence to optimize the decisions made by experts helps achieve high reliability and accuracy of management decisions.

Functional modules of the GoodsForecast integrated business planning platform help link all planning processes within the enterprise and ensure a high level of coordinated operations.

GoodsForecast.Demand Planning – designed for demand forecasting and sales planning as part of the S&OP process – features customized forecasting models and enables interactive construction of sales plans with expert input.

GoodsForecast.Supply Planning – designed for generating optimal production, sales, purchasing and shipment plans – features optimization and scenario analysis tools that support management decisions and help allocate resources to ensure maximum profitability and efficiency throughout the supply chain.

GoodsForecast.Inventory Optimization – designed for optimizing raw materials and finished goods inventory management processes – helps solve operational and tactical challenges when interacting with suppliers, maintain service levels and reduce costs.

GoodsForecast.Scheduling – designed for production planning and scheduling the operating time of units (production schedules) – takes into account priorities, possible penalties for delays, cost of switching between lines to produce different batches, etc., and allows estimating the need for resources, quickly answer the question “when will the order be ready?” and monitor the ability to fulfill customer orders using the balances of finished goods and production plan.

The use of GoodsForecast solutions demonstrates their high efficiency and effectiveness which manifest in both the digital image transformation of enterprises and monetary terms owing to changes in business approaches, improvement of service level and customer loyalty, savings and reasonable allocation of resources.