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Forecasting that's positioned to help you detect market trends shifts,
optimize what's working and improve your accuracy.
By identifying new driving factors, you can take into consideration new trends that will shape the automotive industry, and stay competitive against new OEMS.
With Indicio, you can integrate this consumer behavior into your forecast, and quantify its value in relation to other market drivers that are relevant to your forecast.
How do you best prepare for the “Just-in case” situations for eg, specific events?
By adding exogenous events such as upcoming regulations, you factor in its potential effect on your forecast.
Alternatively, integrate the impact of historical events to play out what to expect in the future.
Forecasting that's positioned to help you detect market trends shifts affecting the automotive industry, optimize what's working and improve your accuracy.
Try it outBy identifying and factoring in indicators that are impacted by a specific event, get a data-driven indication of how this can stress your market, and prepare for it.
>> How scenario analysis works in Indicio
By identifying and factoring in indicators that are impacted by a specific event, get a data-driven indication of how this can stress the automotive industry,
and prepare for it.
It does not work to extrapolate what happens in one market and apply it to the next market.
The same macroeconomic factor might not have the same impact on another market.
Formulate your go-to-market strategy based on market-specific preconditions that are identified and tested.
New technology development and environmental policies are leading to the proliferation of new automobile variants and a shift towards efficient ways of commuting.
Social trends such as micro-mobility and car-sharing could also have an impact on your strategic plans.
What you want is to generate the most accurate forecast that takes not only these social trends, but also both your internal data and macroeconomic variables, into consideration.
Increasing your forecast accuracy will put you in the driver's seat to improve your organization's ability to detect and plan for new trends in advance.
How can you ensure that you are not over- or under- steering capacity planning?
With Indicio, you can leverage on a combination of internal data
(e.g order volume and promotions), and external macroeconomic indicators (e.g. purchasing managers index, financial volatility, and Chinese freight volumes),
to easily generate accurate tactical & strategic forecasts in order to optimize capacity planning.
You can also use Indicio to test different scenarios when you suspect a shift in any of your drivers and observe the direct impact on your forecast.
To secure your market share, your team might already be exploring subscription revenue streams, market segmentation, product mix and looking for new ways to capture new markets.
How do you identify the factors driving your market share forecasting?
Instead of relying on a general market forecast, you need to pay attention to the interplay between your internal data and the external macroeconomic leading indicators.
Indicio can help you quickly identify your indicators, run & test advanced statistical models, and produce valuable insights to help you make your decisions.
Challenge
Minimize forecast error margin, and extend coverage of more markets for both demand and production.
Solution
Using Indicio, there is now a continuous forecasting minimized error margin, they've identified new and stronger market leading indicators, improving forecast accuracy, and have established a structured forecasting process for all markets.
Using Indicio, organizations can easily detect the leading indicators driving sales/market development and apply econometric forecast models on the indicators identified. Built for both decision makers and analysts to easily generate forecasts in order to optimize capacity planning.
It does not work to extrapolate what happens in one market and apply it to the next market.
The same macroeconomic factor might not have the same impact on another market.
Formulate your go-to-market strategy based on market-specific preconditions that are identified and tested.
-> Start forecasting with Indicio
Whether your goal is to increase market share or safeguard against volatility, the road to making decisions confidently lies in generating accurate forecasts you can trust.
Learn how to grow and establish your market position
in these uncertain times.