Understand the hidden drivers of demand for new and existing markets
Validate expansion plans into new markets
Manufacturing companies face new challenges every year, such as a slow-growth environment and fluctuating demand. Globalization brings increased complexity since risks can come from any part of the globe. Competition is fierce and changes in political and economic conditions can threaten already slim profit margins.
Prevedere helps manufacturing leaders make better forecasting decisions by providing real-time insight on their industry, their markets, and the demand for their products. Prevedere constantly monitors the world’s data and identifies future economic risks, with enough lead time to make meaningful changes in production, staffing, or marketing.
Prevedere helps manufacturing companies validate their expansion plans by modeling the future economic or employment health of new markets.
We incorporate external leading indicators into strategic decision making forecasts, that manufacturing industry professionals can utilize to make appropriate informed decisions during times of uncertainty.
By using Prevedere, manufacturing companies have improved demand forecast accuracy by more than 20%.
Inquire about Prevedere’s Manufacturing Solutions
Prevedere allows the manufacturing industry to:
Validate expansion plans to avoid costly mistakes
Many manufacturers have expanded operations into untested markets only to exit after a sudden economic downturn in the new region. Prevedere can develop predictive models that will show the future economic and employment health of new markets. Manufacturing leaders can validate whether an expansion investment will be profitable before any resources are committed.
Discover the hidden drivers of demand
Using the most predictive leading indicators specific to a manufacturing company, Prevedere identifies and monitors all the drivers of demand. Business leaders can use these insights to challenge or defend long held assumptions when planning for the future. By knowing all the factors that influence demand, manufacturing companies can be better prepared for future volatility.
Maximize return on capital expenditures
Prevedere provides operations leaders in manufacturing companies with a real-time future view of demand by market, either existing or new. By understanding the true internal and external drivers demand, manufacturing company leaders can determine when and where to best invest in new equipment or infrastructure to maximize return.
A leading home products manufacturer improved forecast accuracy by 18% ANNUALLY by leveraging economic leading indicators by market.
Discovered that weather is not as influential to demand as previously thought
Leading indicators such as permit data, employment and raw material costs were analyzed
Leaders completely redesigned forecasting process using Prevedere as a baseline