Forecasting Systems

Planmatics believes that forecasting based on historical data needs to be customized to cater to each specific environment. Planmatics has the expertise to develop and customize a forecasting module that calculates the staffing requirements. Our main product "FORESITE" has been successfully tested in the logistics industry.

The purpose of the FORESITE tool is to forecast the daily volume of parcel arrivals at sorting centers in order to determine the staffing needs. The tool is based on the data driven technology of Artificial Neural Networks (ANN) and accounts for factors such as seasonality, holidays, special events, etc as demand variables. The ANN tool self learns from the historical data during a training cycle and then forecasts based on that in the forecasting cycle. It is highly effective for forecasting demands during peak periods.