Tech

Hitachi Solutions East launches Forecast Pro TRAC system

Hitachi Solutions East Japan, Ltd. A successor to the demand forecasting support system "Forecast Pro," which applies statistical models and machine learning AI models to forecast future demand based on data such as sales performance and external factors. "Forecast Pro TRAC" will be available from July. In recent years, the importance of supply chain management (SCM) has increased for many companies due to natural disasters, geopolitical risks, and the weak yen. In particular, demand forecasts and sales plans, which greatly affect the formulation of plans for purchasing, production, sales, personnel deployment, capital investment, fund procurement, etc., are extremely important tasks. Deterioration in planning accuracy can lead to lost opportunities and excess inventory, so highly accurate demand forecasts and sales plans are essential to maximizing a company's profits. "Forecast Pro" is a…