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When it comes to enterprise-level purchases, every detail counts towards enabling the most efficient funds distribution.
Infopulse Inventory Price Forecasting solution allows businesses to approach budget planning armed with data-driven insights. The solution accurately forecasts the purchasing price of goods and materials inventory by integrating data from any ERP sources (e.g. SAP, Oracle, Microsoft Dynamics) for the entire period of the existing purchases history. This helps to plan and control material resources efficiently and transparently, reduce costs and budget overruns due to market price fluctuations, and maximize the efficiency of budget planning.
- A cloud-based solution powered by a carefully designed algorithm with business analytics and data management capabilities
- Extensive search capabilities of goods and materials across the entire period of the existing purchases history, as well as numerous integrated data sources
- Boosting the algorithm with two main data sets: historical data as a feed for a new algorithm and control data with the actual purchase and write-off prices
- High accuracy of price updates to allow for significant improvement of the budgeting processes
- Sophisticated architecture of the solution in the Azure cloud with improved processing time
- Seamless integration of multiple ERP sources with Azure Data Factory to collect analytical data.
How It Works
- Collect, cleanse, and process data from all sources
- Consolidate the transformed data in the cloud database to power a forecasting algorithm
- Utilize the refined algorithm to make data-driven budgeting
When to Use
Infopulse Inventory Price Forecasting Solution is a perfect choice if you need to:
- Offload heavy computations from your ERP system
- Extend the planning horizon to include archive data and achieve better precision
- Consolidate data from numerous business units and data sources to enable complete visibility
- Acquire an advanced solution for data management automation and business analytics
- Refine your price updates procedure by incorporating more accurate data into projections.
- Accelerated data processing: minutes instead of hours
- Improved algorithm with higher accuracy of more relevant price updates
- Unified enterprise data warehousing and big data analytics via integration with Azure Synapse Analytics to enable data ingesting, preparing, managing, and serving
- The centralized cloud data storage saves data processing time with better transparency and insights
- Better control over budget overruns – up to 25%, which allows avoiding uncontrolled goods consumption
- End-to-end visibility of goods and inventory listings: stored, purchased, and demanded.
Contact us now to optimize the supply chain, budgeting, price forecasting, and financial resources with a data-driven Inventory Price Forecasting Solution from Infopulse!