Current forecasting solution for fulfillment centers is not accurate and it involves a lot of manual intervention. Client wanted to develop an automated system for forecasting to drive a consensus number for Operations Planning (for Labor and Transportation requirements) based on top-down and bottom-up models to provide a Carrier Planning and a Trailer pickup schedule forecasting solution.
To address this, the team at Tredence used the following approach:
It brought all the business units for the first time under the same platform
Enabled two types of forecasting models- a) a time series model and b) a model to compare and examine merchant targets.
A flexible system to adjust the expected quantity (of various material events) and minimized the FC downtime