Grupo Fleury Improves Demand Planning with FICO Analytics, Saving Millions Annually
- Grupo Fleury is using mathematical optimization to save millions annually.
- Grupo Fleury has reduced the time taken to create sales forecasts from one month to half an hour.
- Grupo Fleury has built a platform that integrates business knowledge into dynamic demand planning calculations.
- Grupo Fleury won a 2019 FICO® Decisions Award for AI, Machine Learning and Optimization.
Grupo Fleury, one of
For its achievements, Grupo Fleury won a 2019 FICO® Decisions Award for AI, Machine Learning and Optimization.
More information: https://www.fico.com/en/products/fico-xpress-optimization
A robust demand planning process is critical to effective resource and offers allocation at different detail levels to ensure operations are fulfilling the company's business plan.
To achieve this, a joint team of Grupo Fleury and FICO experts further improved on the existing Fleury Forecaster to manage continuous growth in demand and to improve the level of automation, detail, reporting and user-friendliness of the platform.
"With over 3,500 tests being performed across 300 sites, FICO had already helped us design a robust platform which could handle the complex dynamics of demand management," said
Another important aspect of the solution is the ability to analyze the performance of past forecasts to help improve future forecasts. Users can view this in intuitive dashboards that help them understand forecast accuracy and how each stage of the forecasts construction process adds value to the result.
A further enhancement was estimating potential demand – essentially the sales possible, if it weren't for offer restrictions – which was important in finding opportunities for increasing revenue. The solution created an automated, more accurate sales forecast which made the entire demand planning process faster and more reliable. As a result, the company is more confident about the forecast which forms the basis of the revenue budget.
"Grupo Fleury has built a business intelligence engine that significantly enable gains in profitability," said
"FICO is really proud to be working with Grupo Fleury," said
"Grupo Fleury had continued to build on its analytic platform to achieve exceptional results," said
About Grupo Fleury
With more than 90 years of history, Grupo Fleury is one of the largest and most respected medical and health organizations in
About the FICO® Decisions Awards
The FICO Decisions Awards recognize organizations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2019 judges are:
Sharon Kimathi, editor at FinTech Futures Leslie Parrish, analyst – retail banking at Aite Denise Sleem, functional specialist at Medscheme/Helios (2018 winner) Alex Woodie, managing editor at Datanami Les Yeamans, founder at RT Insights
The winners of the FICO Decisions Awards will be spotlighted at various FICO events in 2020 and win tickets to FICO® World 2021, the
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in
Learn more at www.fico.com.
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