C3 AI Demand Forecasting Overview
The C3 AI Demand Forecasting application enables organizations to accurately forecast future demand for products and services. This allows organizations to optimize inventory, reduce operational costs, and enhance customer satisfaction through data-driven planning and resource management.
Product Features
The C3 Demand Forecasting application includes the following capabilities to support enterprise-grade forecasting workflows:
- AI-driven forecasts: Enables users to generate forecasts with flexible granularity and time horizons.
- Evidence package: All forecasts are backed by evidence packages, giving Planners the confidence to choose the most appropriate model.
- Bi-directional integration: The application supports publishing demand forecasts to ERP and planning systems to streamline the consensus planning cycle.
- Human in the loop: Planners can reject AI-generated forecasts with optional feedback, without the need to overwrite them manually.
- Filtering and display: Adds user interface options including multi-status filtering, identifier visibility, and detailed cross-page views.
- Analysis feature: Allows users to analyze the application's data for rapid and comprehensive insights.
- Error analysis tools: Supports analysis of forecast accuracy through metadata-based slicing and automated performance report generation.
Configuration workflow
The Demand Forecasting application must be configured for an organization's specific requirements. The configuration of the Demand Forecasting application typically involves the following steps:
- Application setup
Deploy the application within a C3 AI environment on a C3 or customer-owned cluster, and ensure necessary runtime services are available. - Data integration
Connect the application to relevant data sources, including structured enterprise databases and external input streams. - Application configuration
Configure the UI, define alerts and notifications, and generate the DemandForecastSubject and hierarchies. - Forecast configuration and tuning Customize forecasting models, forecasting scoring, parameters, and workflows according to business-specific requirements.