AWS Supply Chain Demand Planning adds new Perpetual Forecast capability
Starting today, demand planners can configure an auto recurring (i.e., perpetual) forecast at the desired scheduled frequency without any manual intervention by the demand planner. Previously, demand planners had to manually initiate a planning cycle. Now, demand planners as part of their forecast configuration setting can define the cadence at which the forecasts need to be generated and published to align with timeline needs, such as downstream supply and distribution planning. For example, a demand planner can set the forecast interval (weekly or monthly) as well as the specific day, time, and time zone. Based on the defined settings, the current planning cycle will be published to Amazon S3 and a new planning cycle will begin.
Starting today, demand planners can configure an auto recurring (i.e., perpetual) forecast at the desired scheduled frequency without any manual intervention by the demand planner. Previously, demand planners had to manually initiate a planning cycle. Now, demand planners as part of their forecast configuration setting can define the cadence at which the forecasts need to be generated and published to align with timeline needs, such as downstream supply and distribution planning. For example, a demand planner can set the forecast interval (weekly or monthly) as well as the specific day, time, and time zone. Based on the defined settings, the current planning cycle will be published to Amazon S3 and a new planning cycle will begin.
AWS Supply Chain Demand Planning generates more accurate demand forecasts, adjusts to market conditions, and empowers demand planners to collaborate across teams to help avoid excess inventory costs and waste. To help remove the manual effort and guesswork around demand planning, AWS Supply Chain uses ML to analyze historical sales data to create forecasts and continually adjust models to improve accuracy, resulting in less biased demand plans that translate into increased supply plan accuracy, planning productivity, and faster speed of decision making.
This feature is offered to customers at no additional cost for all AWS Supply Chain customers and is available in all AWS regions where AWS Supply Chain is available. To learn more about AWS Supply, or to start your free trial, please visit AWS Supply Chain.