Do you want to know the future?
Now you can calculate it with FORESIGHT, PRIMARY's Forecasting & Budgeting software. The built-in mathematical forecasting engine analyzes historical data and identifies trends and seasonality. In addition, FORESIGHT looks at non-periodic events that affect demand, such as marketing campaigns, promotions, social activities or even extreme weather events. Finally, it allows the conversion of the demand forecast into any type of budget (e.g. human resources, warehouse operations, etc.).
Demand forecasting
FORESIGHT accurately estimates future demand based on historical data. Whether short-term or long-term, valid demand forecasting enables immediate adjustments to staffing, inventory or production. In addition, a long-term forecast can be used to develop a business plan for the coming years.
Budget
FORESIGHT is used for budgeting needs for staffing, production, operation, distribution, etc. Based on the detailed forecast of the expected demand, it calculates the optimal required resources and offers the necessary flexibility in considering different scenarios based on the specific constraints and conditions of each case.
FORESIGHT suggests the optimal allocation of resources per cost center (eg product mix, number of employees per category / type of contract, etc.) to meet expected demand while staying within budget. Thus, operating costs are always aligned with the resources available to meet business needs.
PRIMARY applies advanced mathematical models, optimization algorithms, descriptive and analytical statistics, big data management tools, business process analysis methods and ultimately provides clear conclusions and tangible results.