The Indicio tool provides a very interesting possibility for companies to create better and more accurate raw material forecasts in a time when markets get more and more volatile. The forecasting tool can become a strong support instrument not only for different corporate functions such as Finance, Purchasing and Sales but also for the company management.
Thomas Nylund, VP Strategic purchasingVolvo buses
We have chosen to engage in the development of Indicio because we see a big potential in the platforms ability to radically simplify the generation of advanced forecasts at the same time as the user gets access to methods that cannot be applied in platforms currently available on the market.
Anders Nordberg, Senior MacroeconomistLänsförsäkringar Bank AB
How to get started
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Import your data
You can import data by uploading an Excel-file, connecting to a database, data-feed or one of our data suppliers. Indicio further supports numerous ERP-systems, with whom our support can help you to set up an integration.
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Add indicators
You can easily add indicators that you think affects the forecasted variable. Indicio will analyze the relationship between the forecasted variable and the suggested indicator and use this relationship in order to increase the accuracy of the forecast.
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Send for review
When the statistical forecast is set, you can easily send the forecast to colleagues or experts for a review, enabling them to adjust the forecast. All adjustments are analyzed in retrospect in order to give feedback of the quality of historical adjustments to all reviewers.
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Report & Analytics
In order to allow continuous improvements of forecast methodology, the platform automatically gathers performance of all models applied and qualitative adjustments made on your personal feedback page. Here you will be given customized suggestions on how to improve forecast accuracy. By combining feedback on both qualitative and quantitative aspects of forecasting you will experience a tremendous improvement in both forecast accuracy as well as your personal abilities as a forecaster.
