Forecasting is often perceived as somewhat of an arcane art, practiced by a few who possess highly specialized knowledge and who speak in terms few business people understand. Today’s forecasting systems only reinforce that reputation – they are unwieldy, require unique skills, and their outputs have rightly earned them the moniker “black boxes.”

This is unfortunate, because these failings result in a lack of understanding or confidence in forecasts, and they are therefore often discarded in favor of business people’s gut instincts. What should be one of the most powerful tools in the business arsenal instead becomes an academic exercise.

Predictix aims to change all of this.

With the benefit of many years of experience, and the latest advances in optimization science and computing power, Predictix is in the process of designing and building a forecasting solution for the business user. One where every input can be clearly understood, where multiple scenarios can be tested on the fly, and where the outputs are transparent, understandable, and manipulable by the business to meet their needs. Think of it as a “clear box” to do away with the “black box.” Finally, the Predictix forecasting engine drives every one of our solutions, ensuring consistency and finally eliminating the second-guessing inherent in having different "versions of the truth" for each part of your business.

In replenishment, we are striking a similar balance of power and simplicity with our multi-echelon, time phased replenishment system. The combination of this system with one forecasting engine that also drives pricing and promotions has been a long-standing goal that Predictix is meeting, and the first of its kind delivered as a software service.

Our forecasting and replenishment solutions are driven by the same philosophy: empower the business user to get their job done clearly, flexibly, efficiently, and effectively.