What is Autonomous Forecasting?

One Network utilizes daily or even hourly Point of Sale (POS) data to create an item and distribution center-level forecast as often as needed. The results are then “exploded” back to location level based on a smart pattern recognition agent that apportions forecast values based on the sales profile registered in the POS data for that location.

Autonomous Forecasting determines where inventory should be moved and generates orders for replenishment. The Network thus eliminates two days from the replenishment cycle time.

NEO agents have the unique ability to automatically monitor the demand signal (POS) for any anomalies, and they continuously make autonomous demand and supply adjustments on an hourly or daily basis to ensure customer service levels are met.

One Network invented autonomous forecasting and has used it in its Digital Supply Chain Network™ for many years. Autonomous forecasting is an important capability for companies running complex global supply chains. It helps ensure that demand is met efficiently, and that service levels are high, regardless of how demand fluctuates.