12% more accurate forecasts for Sales
By Sigmoidal LLC
Client
Novartis International AG
Services
Project Description
Sales forecasting adds value across an organization. Finance, for example, relies on forecasts to develop budgets for capacity plans and hiring. Production uses sales forecasts to plan their cycles. Forecasts help sales ops with territory and quota planning, supply chain with material purchases and production capacity, and sales strategy with channel and partner strategies.Our client, a giant from the pharmaceutical industry, challenged us to create a forecasting and analysis system, to accurately predict their sales and financial performance over dozens of countries they operate in. ✔️ Sigmoidals’ team engineered a new code structure, allowing to shorten model training time by 20%✔️ Our object-oriented programming refined the organization of the software design around data.✔️ We utilized among other Arima, Prophet, and ETS family for Forecasting Time Series forecasting to create a robust system Sigmoidal solution aided our client to closely monitor and react upon market shifts across many countries, which resulted in higher revenue and improved supply chains with material purchases.
Sales forecasting adds value across an organization. Finance, for example, relies on forecasts to develop budgets for capacity plans and hiring. Production uses sales forecasts to plan their cycles. Forecasts help sales ops with territory and quota planning, supply chain with material purchases and production capacity, and sales strategy with channel and partner strategies.Our client, a giant from the pharmaceutical industry, challenged us to create a forecasting and analysis system, to accurately predict their sales and financial performance over dozens of countries they operate in. ✔️ Sigmoidals’ team engineered a new code structure, allowing to shorten model training time by 20%✔️ Our object-oriented programming refined the organization of the software design around data.✔️ We utilized among other Arima, Prophet, and ETS family for Forecasting Time Series forecasting to create a robust system Sigmoidal solution aided our client to closely monitor and react upon market shifts across many countries, which resulted in higher revenue and improved supply chains with material purchases.
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