Forecasteronline.Com

Page 1

FORECASTERONLINE

– FORECASTING SIMPLIFIED

© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

Page 2

Forecasting

Forecasting is estimation of the expected value for some variable in future.

Its a technique which helps management in its attempts to cope with

the uncertainty of the future.

Forecasting forms a base of a advanced Decision support system for any

organization.

For organizations forecasting provides the ability to address difficult business

issues and then use those findings to differentiate them from the competition.


Page 3

Data Access

Data management

Report and OLAP

Forecasting and Analysis

optimization

Organizational move from data to information to knowledge, and finally to intelligence.

DATA INTELLEGENCE


Page 4

Forecasting techniques Time series/ Trend analysis

Methods for analyzing time series data in order to extract meaningful statistics and other

characteristics of the data.

What if Analysis

Also called as sensitivity analysis, this is a attempt to represent a real-life system with

a model to determine how a change in one or more variables affects the rest of the system

Neural Networks

A type of artificial intelligence that attempts to imitate the way a human brain works by

creating connections between processing elements.


Page 5

Better

- Strategic information

- Marketing information

- Financial information

- Operating information

- Allocation of resources

Increased

- Customer service

-Manufacturing and operating efficiency

- Profitability

- Return on investment.

- Higher productivity

- Stability in planning

- Elimination of waste

BENEFITS OF

FORECASTING


Page 6

Forecast demand for products and services.

Which product will be in demand in how much quantity in which region

Perform promotional analysis.

Will the 10% increase in discount assure sales increase by 20%

Predict staffing and resource needs.

How many resources will be required to complete the work in said deadlines

Make effective pricing decisions.

What will be the correct price for a new launch to get an edge over competition

Predict customer and market behavior.

What type of product mix is preferred by customers of age group 20 – 30 years

Application of Forecasting in Functions


Page 7

Retail -

Mostly used for performing customer clustering and demand analysis for FMC goods. Also helps to plan for promotions and new product launch

Pharmaceuticals -

Plays a major role in Clinical research and R&D. Statistics say that application forecasting reduces as high as 50% of the research failure cost

Banking And Financial services –

Credit Analysis, Fraud detection are some areas in BFSI where forecasting has proved to be a game changer.

Manufacturing –

Used mainly for production and material planning. Further gives insights in inventory management and supply change optimization.

All Domains

Application in Business


Page 8

1) Forecasting requires heavy number crunching using terabytes of data.

2) Complex algorithms can only be handled by faster processing machines to deliver on demand results.

3) Thus TPS uses cloud computing models for supporting Forecasteronline..

4) Cloud computing has some attractive qualities for scientific researchers. It delivers data storage and processing as a service, rather than software that's loaded onto a hard drive, or something that sits on a desk somewhere.

5) In the cloud, the "supercomputer" exists virtually, meaning no clunky hardware; the software interface is easy to use; and scientists have access to their data and simulations from just about anywhere by simply logging in..

Number Crunching through Cloud Computing


Page 9

Users Log on to Forecaster Online and sent in their data`

Complex algorithms are run on the cloud server “Amazon EC2”

Cloud Architecture supporting Forecaster Online

Forecaster Online


Amazon EC2 Cloud server

Page 10

Existing Tools

Forecasting uses highly complex analysis and exhaustive algorithms to tackle tricky scenarios. Large

amount of number crunching is done using different statistical techniques.

Big giants in forecasting are SAS and SPSS.

Drawbacks

Desktop based – Need installation on every system thus increasing infrastructure cost

Need statistical knowledge to work with.

Provide plethora of features which are not necessarily required for your

business perspective

High licensing cost.

Web based are a few like Lokad and Vanguard but again involve heavy licensing cost.


Page 11

Introduction to Forecaster Online

Forecaster online is a web based on demand forecasting solution developed by Trans Pacific Software. http://www.forecasteronline.com/

The tool is based on SAAS (software as a service) model and gives a easy to use console to the end user.

The tool runs on backend customized algorithms that suit your organization data and can plot and forecast trends in the data over a period of time.

Forecaster online uses highly advanced backend algorithms to parse the data, determine patterns and forecast using different parameters in the input.

Forecaster online acts as a one stop tool for executives as well as Managers


http://www.forecasteronline.com/

Page 12

TPS Advantage and Customization.

Forecaster online is a fully customizable SAAS based offering from Trans Pacific

We understand that every business is unique in its own way and thus has to be

supported by unique solutions

TPS has a team of analyst who work closely with the client on every project and devise a

strategy to develop a customized algorithm to best suit your business and provide error

free forecasting.

A team of developers than cast this strategy into coded algorithms which work on the

data.

Customized solution thus makes the forecasting more reliable.

Being a web based solution on SAAS model assures the client low cost on maintenance

and upgrades and easy accessibility.


Page 13

- Optimized resource utilization

- Demand identification.

- Reduction in overhead cost

- Better business Planning and risk analysis.

- Budgeting Performance Analysis.

Business

Benefits

- Highly researched Algorithms in Time-series Forecasting

- Extremely simple interface with little or no training

- Free trial

- Data input in excel with Direct database connectivity

- Fully for customizable

- Highly cost effective

Features


Page 14

Thank you


Forecasteronline.Com

Documents

transpacific software

application of forecasting

software interface

software thats

saas software

organization data

demand forecasting solution

demand analysis