Industrial

// Case study

How an automotive manufacturer
increased their forecast accuracy
by 40%

As one of the world's largest and world-leading automotive manufacturers, it was key for them to ensure that they could quickly adapt production capacity to capture trend shifts in the market.

They knew the way forward was in generating accurate forecasts of their aggregated sales volumes. Forecast results they could rely on to make both strategic and tactical moves.

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What's in this case study?

The challenges they faced

Find out more about how the challenges they faced held them back from predicting market trend shifts.

What went into improving
their forecast accuracy

Learn more about the methodology that helped them increase forecast accuracy
by 40%.

How they successfully identified
their driving factors

Learn how they identified new and stronger market leading indicators.

Use case

How Skanska successfully selected projects that had the most sizable effect on net profit

Challenge

Skanska was looking for a way of improving the balance between human- and system-capital. The objective was to increase forecast accuracy through a standardized and datadriven process without expanding the team of analysts.

Solution

Implementing Indicio has lead to increased forecast accuracy, deeper understanding of the market dynamics and higher work-load capacity within the analytics team. This has helped the management team in prioritizing amongst potential projects whilst lowering risk for the ones selected to start. The access to advanced predictive models has deepened the understanding of the price dynamics of the market.

This is due to Indicio recommending the best suited models and indicators at each point in time given the data supplied. Through continuously updating the forecasts in a standardized process, Skanska has gained the ability to continuously evaluate forecast accuracy and enhance forecast performance as time progress and indicators change. Further, the standardized process allows for new team members to quickly start contributing the performance of the team.

Toyota forklift trucks

Challenge

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Challenges

“You have found the best bank”

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Sophie Moore
Finance Lead at Pinterest

Get started today and improve your forecast accuracy.

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For the passenger car industry

Detect and plan for market trend shifts earlier than before

With on-target forecasting that helps you identify your specific leading indicators, you can better predict your customers' needs, reduce risks of over- and under- production, and guide your long-term and tactical strategy.

Be equipped with the power to detect and plan for market trend shifts earlier than before, gain agility in your decision making, and secure market share.

Learn more
Automotive industry

For the passenger car industry

Detect and plan for market trend shifts earlier than before

With on-target forecasting that helps you identify your specific leading indicators, you can better predict your customers' needs, reduce risks of over- and under- production, and guide your long-term and tactical strategy.

Be equipped with the power to detect and plan for market trend shifts earlier than before, gain agility in your decision making, and secure market share.

Learn more
Automotive industry