We calculate about 60 million time series forecasts each week, which translates to about 600 forecasts per second, to determine the sales of each article, in every store, during the next 26 weeks.
Thanks to the cooperation with ONE LOGIC, our partners on the MARKANT forecasting platform can now predict the sales of several thousand near-food articles across all retail partners much more precisely than before. This opens up entirely new possibilities, particularly for our industry partners.
Discover how MARKANT gets billions of FMCG sales forecasts right
MARKANT is the largest trade and service cooperation in Europe. MARKANT acts as a service provider for its approximately 150 trading partners. A central task of MARKANT is the organization of purchasing for its members from more than 14,000 industry partners.
This cooperation between industry and retail opens up enormous optimization potential, ranging from avoiding packaging waste, improving planning accuracy on both sides to minimizing transport costs and increasing overall sales. To unleash this potential, ONE LOGIC developed the MARKANT Analysis and Forecasting Platform to generate reliable sales forecasts across all retailers. The results of this demand sensing initiative are shared with partners to optimize their production planning and logistics.
- Combining sales forecasts with external data such as weather forecasts, influenza data and product promotions
- Maintaining the confidentiality of information between competing trading partners
- Scaling the complete solution across all trading partners
- Finding the most accurate forecast model for each product
The MARKANT Analysis and Forecasting Platform based on the ONE DATA platform currently delivers 1 billion sales forecasts within four hours computation time.
The overall forecasting quality is 10 percent more accurate than the best individual forecast from any retailer. In a highly competitive market environment, this provides an invaluable competitive advantage and also helps to avoid waste.
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