Forecasting and Demand Planning
With access to the Consensus Point powerful solution, you'll discover answers to questions such as:
- Will next quarter’s sales meet targets?
- Is distribution channel A as effective as B?
- Will promotion A yield measurable results?
Whether you're trying to predict next quarter’s sales growth, gauge types of channels for a new product, or identify effective promotions, the Foresight Prediction Market Solution is a viable answer, and often more accurate than alternative methods.
Specifically, a market gathers forecasts from the people who are interacting with customers and partners on a day-to-day basis— your employees. With timely information, these forecasts can enable you to allocate resources to the highest priorities, leading to a higher return on investment. In addition, you can determine gaps in demand planning processes. On average, our customers have found the prediction market to be as accurate or more accurate than traditional methods, 6–8 weeks out from the event.
Learn more about the business value from our customers’ success:
Best Buy: produced more accurate media stocks, 5% more accurate than traditional methods
General Mills: as accurate as traditional forecasts, comparison of prediction market accuracy across multiple departments, market insights on when organizational information is available— leading to better strategic decisions