Demand Forecasting
Continuously improves and adapts to your business
Legion WFM enables intelligent automation to precisely predict demand across all customer touchpoints, in 15-minute, 30-minute, or daily increments.
- Get advanced forecasting technology—productized and automated
- Factor in your unique labor model and staffing policies
- Forecast business demand in dollars, transactions, foot traffic, or other variants
Highlights
Improve business agility, accuracy, and labor efficiency—automatically.
Higher precision for better results: automated ingestion and analysis of 1000s of data points
Sophisticated machine learning (ML) accounts for the impact that external factors such as weather and local events have on demand, improving forecast accuracy
Accurate forecasts at several levels—channel, location, or SKU—in 15-minute, 30-minute, or daily increments
Legion by the Numbers
Demand Forecasting
500K
Data sets in production
25B
Data points input
7.5B
Data points output
125M
Machine-learning models trained
6M
Weekly forecasts generated
With Legion Demand Forecasting, you can improve business agility, accuracy, and labor efficiency—automatically. Watch this video to learn more about how Legion WFM powered by intelligent automation, can help you get more accurate forecasts across channels, locations, or SKUs in 15-minute, 30-minute, or daily increments.
Granular, accurate, automated forecasts
Granular, accurate, forecasts that continuously improve.
Legion WFM synthesizes historical and current information about how customers buy—understanding and incorporating the impact of demand drivers and future events such as weather or holidays.
Get precise, short- to intermediate-term demand forecasts with unique models and forecasts for every driver and location.
Generate accurate long-range forecasts that account for seasonal variations and various scenarios.
Legion understands and incorporates the impact of demand drivers and future events, eliminating the need to run complex calculations, pay high data fees, or use manual processes.
Operate with greater agility
Automatically adapt to business changes.
Demand Forecasting continuously learns, improves, and adapts to deliver highly accurate results in changing conditions. Updated forecasts and labor guidance are instantly generated while allowing human intervention.
Adapt and react quickly to business changes by continuously re-forecasting and regenerating labor guidance automatically.
Optimized labor planning
Generate optimal labor plans automatically.
With Legion WFM auto-generated, highly accurate demand forecasts, you get optimal labor plans, budgets, and schedules across all touchpoints, freeing managers to spend more time with employees and customers—resulting in happier employees and increased revenue.
Eliminate mapping between labor models used by finance for forecasting and operations for scheduling. With no manual steps or “lost in translation” data issues, Legion automatically handles scale and complexity, creating optimized labor plans for your business.
The Benefits to Your Bottom Line
Harnessing the demand forecasting features of Legion WFM results in significant, quantified benefits for Legion customers.
Increased accuracy
Each 1% improvement in demand forecast accuracy can lead to a .5% reduction in labor costs.
Faster decision-making
Retail demand forecasting provides real-time insights into demand trends, enabling businesses to make faster decisions and instantly create optimized schedules.
Increased revenue
McKinsey research shows that a 10-20% improvement in labor forecast accuracy could translate into a 5% reduction in inventory costs and yield a 2-3% increase in revenue.
Increase labor efficiency
By using advanced analytics and machine learning algorithms to analyze demand data, businesses can optimize their labor efficiency and avoid the financial impact of overstaffing and understaffing.
FAQs About Demand Forecasting
Demand forecasting can be complicated. Here are a few commonly asked questions we receive.
Why Legion?
Legion WFM enables intelligent automation to precisely predict demand across all customer touchpoints. With highly specific forecast models tailored to each dataset, and incorporation of external data, you get much higher accuracy levels than other methods – and it’s all automated.
Legion’s forecast model considered out-of-the-box things other products didn't, such as local events we didn’t even know were happening.
Executive Director of Information Systems, Retail
Ready to Try It?
Legion Demand Forecasting is proven to deliver fully automated, precise forecasts at the highest level of accuracy. Take the Demand Forecasting Accuracy Challenge today. Provide us with historical data, and within 48 hours, we'll provide you with a forecast you can compare against your current solution.
