Jul 09
Industry Research
Supply Chain
Everyone wishes they could see into the future, especially purchasers. There is a fine line between stockouts and overstock and purchasers are careful not to cross that line every business day. Cross the line and there goes a quarter’s profit margin.
No more Excel
Current ERPs don’t make it any easier on purchasers’ lives, unfortunately. These legacy ERPs are clumsy old-school tools with a maddening lack of features that force purchasers to navigate between separate Excel sheets and jump from one platform to the next while negotiating the rest of their day. A typical purchaser’s screen is crowded with slow ERP windows and homemade Excel sheets, and the result is a slow pace and high stress.
Enter Recurrency’s Predictive Forecasting, which is different by 180 degrees because it actually works for purchasers. What would be most helpful? The feature uses machine learning algorithms to accurately predict demand for each SKU. Basically, Recurrency lets you see the future. Revenue is maximized and carrying costs are minimized. Purchasers can trust Recurrency’s prediction because the program takes into account a wealth of factors, including customer history, industry trends, company practices, patterns in orders, minimum order quantities, discount breaks, and much, much more. It turns out that the future doesn’t have to be unpredictable at all with the right asset.
Predictive forecasting finds patterns
A purchaser using Recurrency will use Predictive Forecasting throughout their day. Gone is the need to manage separate Excel sheets to track what’s in stock. The useful data and important patterns that can be found in your database are mined by Recurrency and provided in a single tool: A streamlined and innovative process that takes the place of guesswork and tab-surfing.
Unlike traditional ERPs, Recurrency recognizes that purchasers have their own business challenges. These days, an ERP can’t just be a database. We can use technology to relieve stress, not cause it. That’s why the Recurrency’s Predictive Forecasting feature is so different: it was built for purchasers and their futures.
