ThouSense is an AI/ML-based, easy-to-use SaaS platform that helps businesses worldwide predict short-term and long-term demand planning and forecasting. You can get automated and accurate demand forecasts of macroeconomic indicators, currency fluctuations, weather and seasonality patterns, etc. With historical sales data, it predicts future sales volume, anticipates demand trends and seasonality without compromising on accuracy. It also helps with financial forecasting, budgeting, scenario planning, and supply chain management for small-to-large enterprises.
• Free up planner capacity.
• Higher customer satisfaction index and brand reputation.
• Increase revenues and profits.
• AI-based forecasting achieves 99% accuracy.
• Reduce stockouts and inventory.
• Free up planner capacity.
• Higher customer satisfaction index and brand reputation.
• Increase revenues and profits.
• AI-based forecasting achieves 99% accuracy.
• Reduce stockouts and inventory.
Recent Updates
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Why Is Forecasting Crucial for a Resilient Supply Chain?In today’s dynamic business landscape, forecasting plays a pivotal role in ensuring a resilient supply chain. Without accurate predictions, businesses struggle with stock shortages, overstocking, and inefficiencies that impact profitability. Leveraging advanced supply chain forecasting techniques helps mitigate risks, optimize resources, and improve decision-making. Forecasting enables...0 Comments 0 Shares 55 Views 0 ReviewsPlease log in to like, share and comment!
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How to Optimize Supply Chain Inventory for Small Businesses?Effective supply chain inventory optimization management is crucial for small businesses aiming to reduce costs, enhance efficiency, and maintain a competitive edge. Managing inventory efficiently requires careful planning, accurate inventory demand forecasting, and a streamlined approach to inventory management for small businesses. In this blog, we'll explore strategies that small businesses...0 Comments 0 Shares 92 Views 0 Reviews
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Understanding the 5 Phases of Supply Chain ManagementA well-organized supply chain is the backbone of any successful business. Without an efficient supply chain management system, companies risk delays, increased costs, and poor customer satisfaction. To ensure smooth operations, businesses must understand the 5 phases of supply chain management and how they contribute to efficiency, reliability, and profitability. Each phase plays a crucial role...0 Comments 0 Shares 64 Views 0 Reviews
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Looking for the Best Inventory Forecasting Solution? Try These Tools!Effective inventory management can make or break a business. Running out of stock results in lost sales, while overstocking ties up capital and increases storage costs. This is where inventory forecasting tools come into play. With the right inventory forecasting solution, businesses can predict demand accurately and optimize stock levels to improve profitability. Let’s explore the...0 Comments 0 Shares 113 Views 0 Reviews
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What Are the Key Factors Affecting Demand and Forecasting Accuracy?Understanding demand forecasting is crucial for businesses, as it helps predict future consumer demand based on various factors affecting demand. Whether a company is launching a new product or managing inventory, accurately forecasting demand can make or break success. But what truly influences demand, and how can businesses enhance forecasting accuracy? Let’s explore the 12 factors...0 Comments 0 Shares 96 Views 0 Reviews
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Why Is Business Promotion Essential for Growth and Success?The Role of Business Promotion in a Competitive Market Every business, regardless of size or industry, needs to stand out in a crowded market. This is where the importance of promotion comes in. Without effective business promotion, even the most innovative products or services can go unnoticed. Whether you're a startup or an established enterprise, promotion is what drives visibility, attracts...0 Comments 0 Shares 89 Views 0 Reviews
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How to Improve Supply Chain Forecasting for Better EfficiencySupply chain forecasting is one of the most critical aspects of managing a supply chain efficiently. It involves predicting the future demand for products, which helps businesses make informed decisions, optimize inventory, and improve overall operational efficiency. Improving supply chain forecasting not only minimizes risks but also ensures that businesses can meet customer demands without...0 Comments 0 Shares 107 Views 0 Reviews
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What Are the Key Elements of Supply Chain Management?Supply chain management is the backbone of efficient business operations, ensuring that goods and services flow seamlessly from suppliers to customers. It involves a complex network of processes, people, and technology working in harmony. Understanding the elements of supply chain management is essential for businesses looking to optimize their operations, reduce costs, and meet customer...0 Comments 0 Shares 119 Views 0 Reviews
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A Guide to Demand Forecasting and Its Different TypesEvery business, from retail to manufacturing, depends on demand forecasting to make informed decisions about production, inventory, and financial planning. Without accurate predictions, businesses risk overproducing, underproducing, or missing critical sales opportunities. Understanding the different types of demand and how they influence a company’s operations is essential for...0 Comments 0 Shares 170 Views 0 Reviews
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Crucial Factors of Demand That Shape Accurate ForecastsUnderstanding the factors of demand is crucial for businesses aiming to predict future sales, manage inventory, and optimize supply chain operations. Businesses that fail to assess these factors accurately often struggle with excess stock, stockouts, or financial losses due to incorrect demand forecasts. The economy, consumer preferences, and industry trends all influence market demand...0 Comments 0 Shares 141 Views 0 Reviews
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