Demand Forecast

“GOODBYE, THE TRADITIONAL MARKETING! HELLO, NEUROMARKETING!” ― Hedda Martina Sola M. Econ

Demand Forecast Goal

What is Demand Forecast?

Demand forecasting is a field of predictive analytics which tries to understand & predict customer demand to optimize supply decisions by corporate business management.​

What we aim?

The determination of the level of production, manpower requirements, equipment and inventory levels.

Technical Video

Key Features of Demand Forecast

Prediction Accuracy

The combination of advanced forecasting and classification techniques makes it possible to accurately calculate the demand forecasts for each of the products; the forecast can be adapted to the particular characteristics of each item on sale.

Advanced Analytics:

The use of advanced analytics for demand forecasting improves the quality of forecasts and reduces safety stock and storage costs.

 

Operational Efficiency:

Production and distribution planning solutions, it is possible to achieve high levels of operational efficiency, letting you align planning with future demand and quickly respond to inevitable changes.

Our Service Domains

Market Analysis

Review and Monitoring

Market Entry Strategies

Technology we work with (with relevant icon cards)

Support Vector Regression

Deep Learning

Feature Extraction

Proposed Integration Strategy

Your Problems, Our Solutions (individual cards for each problem)

Problem 1 :

Imbalance between historical data and current demand conditions?

Solution:  

Machine learning uses both historical and current data to make predictions, organize content, and learn from data. For example, it’s important to give more weight to historical data for long-term forecasts since short-term forecasts are strongly conditioned by the current market.

Problem 2 :

Lack of booking rules?

Solution: 

A common mistake in demand forecasting is not having an adequate restriction policy. Unrestricted demand is the actual demand for your product regardless of your property’s natural limitations. In other words, distributing 100 rooms when you have 100 rooms is different than distributing 100 with 500 rooms. Regardless of the actual (or perceived) limitation, if you have a higher real demand, you can establish higher price points. This way you maximize revenue potential for the same number of rooms.

Problem 3 :

Inability to manage alternative punctual demand flows?

Solution: 

Current demand is characterized by travelers who stay at your hotel during significant events. Each customer segment (also called demand flows) has its own booking behavior and, probably even, its own product and rate. The key to optimizing resources and revenue opportunities is to leverage and distribute demand without restrictions and minimize losses of sales opportunities.

Our Product Pipeline

Benefits

Contact us for a quote, help, or to join the team.

email

service@iSmileTechnologies.com

phone

(732) 347-6245

About Us

iSmile Technologies is a global technology services company.

service@iSmileTechnologies.com
(732) 347-6245

USA

+1 (732) 347-6245
241 Jonathan Way
Bolingbrook, IL 60490

INDIA

2-3-285, Secunderabad Hyderabad 500003

CANADA

3190 Stocksbridge Ave
Oakville, ON L6M 0A7