Our intelligent algorithm will not only improve your forecast accuracy by more than 20%, ForecastPlanner also exceeds in providing an innovative promotion planning toolbox that will maximize the efficiency for your promotion, holiday and exception planning. Using ForecastPlanner, enables you to keep an ideal stock level, resulting in dramatically reduced out-of-stock and over stock rates. Accurate and efficient forecasting is the key to competitiveness and is a primary high-level metric for the organization's health and wealth.
The leading, most accurate
forecasting solution for Demand
Planning and Business Intelligence.
HOW IT WORKS
The hybrid engine continuously optimizes models, hierarchies, policies, algorithms and parameters according to the user’s specified business objectives. The solution is fully scalable and is customized precisely to the user's needs.
For attaining the most accurate forecast results, our smart algorithm finds the best data model and combines all relevant hierarchies, price elasticity, promotions, events, life cycle management, cannibalization, sentiments, and revenues. Each target horizon, resolution and combination level can be forecasted separately using differing cleansing methods, algorithms or parameters.
The frequent exceptions detection, error calculation methodology and re-optimization of the paradigm, ensures maintaining accuracy optimization and sustained bottom line results.
We developed an innovative noise reduction methodology for different scenarios, revealing the exact item and price elasticity to create profitable promotion forecasting even when the past information is sparse.
Events are automatically filtered out, forecasted separately and recombined with the baseline data at the appropriate places.
Demand data can be specified in multiple granularity levels as well as multiple time resolutions.
ForecastPlanner interacts with the planners and analysts knowledge to create a detailed business overview, which is presented in customized and user-friendly Power BI reports.
Those valuable business insights have a great impact on marketing, management and supply chain related operations as they provide an complete business overview.
ForecastPlanner is a highly advanced automatic forecasting, inventory & business analysis optimizer and full-cycle demand planning solution, providing the uppermost attainable accuracy.
The cloud-based SaaS solution utilizes any available information, including multiple data sources, hierarchies, product life cycle, noisy and promotional data sets to create ‘best of breed’ forecasts.
Our turnkey solution provides immediate results, quick return on investment and low cost of ownership. Easy integration, minimal manual intervention and no need for software installation or maintenance. It can also be deployed to optimize the settings of demand planning systems like SAP, APO.
No need for data replication to another system, which results in a reduced interface complexity and maintenance need.
ForecastPlanner™ is designed to serve as both:
I. as an Affix service operated by other applications (MRP)
II. as an independent forecasting solution.
The exceptional forecasting quality and process automation are based on the innovative optimization infrastructure such as the smart optimization solution which is designed to find and combine the best data model, time base, parameters and algorithmic combination that will lead to the optimal,
consistent and best results over time. According to specified business
objectives, ForecastPlanner™ computes the right time and hierarchy based aggregation and disaggregation, methods of outlier correction and filtering as well as algorithmic methods.
Furthermore, the valuable business insights analysis allows a highly advanced promotion and exception planning that will greatly increase your revenue. Our solution attempts to deliver highly improved result while breaking the complexity of the forecasting process. Thus, allowing the users to focus on the truly important issues which require human attention.
The target users include budget and revenue planners, HR planners, CRM, SCM/SCE, traders, demand planners, and financial forecasters.
The discipline of Demand Planning embraces statistical forecasting, promotional management, lifecycle adjustments and consensus processes. In demand planning, the risk and uncertainties are used inside economical models to drive inventory planning and purchasing. Worldwide, over 38% of producers complain that one of their main problems is inaccurate demand planning. Poor planning has a negative effect on the ability to deliver, on inventory management, on purchasing, and on capacity utilization.
Today, only the largest corporations develop a DP practice involving finance, marketing, and supply chain. In too many companies, even those that officially are using an advance DP system, Excel™ is still the main planning tool; either due to technical problems with the DP system or due to the limited planner knowledge and expertise in the DP technology.
An important field in forecasting is business forecasting whereby future economic and business scenarios are analysed. Business forecasting is a combination of judgmental, casual and time series forecasting methods. Risk and uncertainty are central to business forecasting and are accompanying forecasting as tools for evaluating the probability of future scenarios and for decision making in inventory planning, capacity expansion, investments and risk analysis. Business forecasting is used in finance, budget planning, CRM, HR, risk analysis, Supply Chain Management and Execution (SCM/SCE).
Standard forecasting tools only provide the core algorithmic capabilities. It is expected from the users to understand and explore the solutions by themselves which results in a naïve operation of the forecasting tools and sub-optimal results.
Ogentech is specializing in the creation, management and optimization of forecasting business solutions. Among Ogentech's offerings are complete solutions, modeling, simulation, realization, ROI analysis, and project management for companies employing SAP-APO™, Manugistics™, Retalix SCM™ and other optimization and management applications.
Ogentech provides a clear methodology, scorecards, and software tools designed to build and maintain optimization business applications at a high-performance level, thus ensuring the achievement of the business goals behind the projects. The unique experience and offerings allow Ogentech to cooperate with both leading integrators and multi-national corporations.
Valuable BI insights will take your business to the next level and allow you to concentrate on the crucial aspects. Plan effective promotions, attain full control over all significant business operations and enhance the planner's productivity by facilitating their work with customized, user-friendly BI reports.
improved forecast accuracy
OPTIMIZE YOUR MARKETING STRATEGY
Our ElasticityProfile® reveals precisely which price level generates the largest sales for the lowest price.
Business insights are of great valuable for the marketing strategy as is allows planning highly profitable promotions.
Our price cluster technology calculates the elasticity of the price and provides valuable details about +++++
Item Elasticity Profile
OVERVIEW THE CURRENT BUSINESS TRENDS
Our Power BI report allows an improved situation assessment as it provides managers with a product-performance and an user-activity overview. Resulting in full control over items, item groups, planner’s productivity or special price deals with suppliers. Deviations of item performances regarding location, time and price elasticity can be easily reviewed at one glance. A detailed business overview enables swift adjustments and improves the control over each measurable aspects of the whole demand planning process.
The BI insights can furthermore support the relationships with suppliers as they initialize better negotiating terms regarding
Clear Sales Overview
INCREASE PLANNERS PRODUCTIVITY
The BI report submits an Ideal inventory maintenance level, resulting in significantly fewer stock outs and accordingly a reduced penalty rate of lost sales. Further, the Inventory Carrying Cost (ICC) can be greatly lowered, as the BI report recommendations prevent overstocking.
Our user-friendly one screen BI report contains customer specific information and exception alerts which are tailored to the client's demands and ensure the utmost effectiveness.
All items are classified to assorted to reveal which items require human attention. Thanks to the dependable forecast quality of ForecastPlanner, planners are relieved to focus on important concerns such as items that have been identified by the system as exceptional.
Lower Out Of Stock Rate
The deployment of ForecastPlanner can improve the forecast accuracy by at least 20%. An improvement of accuracy puts budget planning on firm grounds, creates better planning processes leading to Just In Time (JIT) type model, improves manufacturing and, in turn, procurement of raw material. Forecastplanner detects weaknesses and pinpoints the places where decisions need to be made such as investing in marketing and cutting product lines. That allows you to fulfill the demand generated by clients of the unit without being dependent on the supplier of the unit. Improvement in forecast accuracy means that a lower stock is required to maintain the same service level, which reduces the Inventory Carrying Cost (ICC). It also means a lower stockout rate, which reduces the penalty of lost sales.
A revolution in forecast and demand planning
Shlomo joined Ogentech in 2005 as its CEO. In 1991, Shlomo founded OFEK-tech and developed a best-of-breed "Distribution Center Management System" – DC-Master which was successfully deployed at key multi-national customers such as IVAX, Nestle, Colgate Palmolive, Philip Morris, Gillette, Exel logistics, with the support of leading integrators like Accenture, EDS, and Siemens. In 1998, OFEK-tech was purchased by SAP AG and Shlomo remained as managing director of the company.
Shlomo earned an electrical engineering diploma from the Israeli Institute of Technology (Technion), in 1980 and an MBA from Tel Aviv University Business School in 1987.
Dr. Ron Levkovitz founded Ogentech in 2005 and serves as its Chief Technology Officer. Ron has accumulated vast expertise in Supply Chain Management, Forecasting, Logistics, Mathematical Optimization and Computing. Prior to Ogentech Ron has served as the manager of the Israeli localization center of HP , as a leading technical consultant to Sapiens UK, as the R&D manager of Ultramind Ltd., and as a research fellow at the Technion. In 1997 he co-founded SupplyScience Ltd. a developer of automated retail replenishment solutions, which was sold to Retalix Ltd in 2003. Among the many developments by Ron are special methods for forecasting and replenishment of products with very short shelf life, mathematical methods for promotions and events evaluation and replication, algorithms for data filtering and for forecasting demand in highly noisy environment. Ron has earned his B.Sc. degree in computer science and mathematics from Tel Aviv University, his Ph.D. in applied mathematics and operations research from Brunel University, London UK, and his Post Doctorate from Technion Israel. He is the author of dozens of articles and a few patents.
Gadi joined Ogentech during 2006 and is heading the development of ForecastPlanner™. Gadi’s experience started in the years 1989-1994 as system analyst and programmer of large IBM Mainframe based information system in the Israel Defense Forces (IDF) Intelligence unit. Gadi is a cofounder of Mercado Software (acquired by Omniture, 2008) as was their product technology director. Gadi specialized in e-commerce search and navigation and was responsible for key element of the technology including storage and indexing engines. In addition, Gadi started the US based professional services organization and was involved in key sales to strategic customers such as Caterpillar, GE Power systems, Target, JCPenney, Macy’s & Bloomingdales. In 2004, Gadi joined Certagon, specializing in distributed application performance monitoring as CTO. Gadi holds a B.Sc. degree in computer science and mathematics from Tel-Aviv University, graduating in 1999.
Director of Professional Services
Noam began his career as a retail market analyst for ACNielsen. During the years 1999 to 2000, Noam was responsible for the DSS (Decision Support System) at ACNielsen. For the following couple of years, Noam worked as an SCM consultant providing services in the retail IT area. Noam had a leading role at Storenext Israel in charge of implementation of DAX, an ordering and demand management software. Noam holds a B.A. of Economics from Ben-Gurion University, graduating in 1997.