AI TOOL PROFILE
SKU Science Review: Demand Forecasting Software
- Operations
- Analytics and Reporting
- Supply chain managers
- Demand planners
- Operations managers
- S&OP managers
- Mid-market companies
- Enterprise companies
Pricing
Paid plans start at $349/month for the Launch plan (1 user, up to 2,500 units), with a Core plan available at $795/month and custom pricing for Enterprise.
At a glance
- Best for
- Supply chain managers, Demand planners, Operations managers, S&OP managers, Mid-market companies
- Key use cases
- Generating Sales Forecasts, Operational Business Reviews, Demand Planning for Perishable Goods, Budgetary Planning
- Integrations
- Excel export, ERP export, BI export
- Official website
- Visit sku science official website
How AI is used
SKU Science is a cloud-based demand forecasting and analytics tool designed to help businesses move away from manual budgeting and spreadsheet-based planning. It uses statistical models to generate baseline forecasts and provides dashboards to track sales performance and variance against budgets.
The platform is built for supply chain professionals, including demand planners and S&OP managers. It supports various levels of aggregation, allowing users to view and adjust forecasts by item, product family, customer, or territory.
Beyond forecasting, the tool includes features for classifying inventory and managing product lifecycles. It is hosted on AWS in Ireland and maintains SOC 2 Type II and ISO 27001 certifications to support data security requirements.
Buyers should consider their specific volume of forecast units and user needs when selecting a plan, as the entry-level tier has limits on users and units.
Key Features
Automatic Statistical Forecasts
Calculates forecasts based on historical data using statistical combinations to detect trends and seasonality.
Multi-level Forecasting
Supports the generation and adjustment of forecasts across different levels, such as items, customers, territories, and product families.
ABC/XYZ Classification
Helps categorize inventory items to prioritize focus based on value and forecast stability.
Performance Dashboards
Provides tracking of sales performance, year-over-year evolution, and variance versus budget.
Product Lifecycle Management
Includes tools to manage the phase-in and phase-out of products within the forecasting process.
Forecast KPIs
Computes accuracy, absolute error, and bias to help evaluate model performance.
Use Cases
Generating Sales Forecasts
Using historical data to create a baseline forecast that can be adjusted with field information.
Operational Business Reviews
Using dashboards to compare current performance against fiscal budgets and previous years.
Demand Planning for Perishable Goods
Supporting S&OP processes in industries like agri-food where seasonality and perishability are factors.
Budgetary Planning
Creating budgets at the SKU, channel, and customer level.
Integrations
- Excel export
- ERP export
- BI export
FAQ
How does SKU Science handle data security?
- The platform is SOC 2 Type II and ISO 27001 certified, is GDPR compliant, and hosts data on AWS servers in Ireland with SSL encryption.
What are the pricing tiers for SKU Science?
- Pricing starts at $349/month for the Launch plan, $795/month for the Core plan, and custom pricing for the Enterprise tier.
Is there a free trial available?
- Yes, SKU Science offers a 15-day free trial with unlimited access to features and no credit card required for signup.
Can SKU Science help with account setup?
- The implementation team may upload field lists and historical demand data free of charge to help users become operational.
Source category: Operations
Source subcategory: Analytics & Reporting
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