7 reasons to bet on PREWIT
The tool for predicting demand from the DYNAMIC FUTURE workshop has been used by several domestic companies for a long time. PREWIT (PREdiction WIzard Tool) works with statistical analysis of consumption in the past, according to the company representatives Jiří Šlajer and Petr Jalůvka, it is a form of so-called “self-learning”. Here are the reasons why companies like MP Krásno and MADETA can’t live without it:
1. Transparency
The calculations that PREWIT performs are completely understandable and understood by anyone who implements the tool. As Jan Šlajer says: “We clearly explain to users on the basis of which data and in what way PREWIT reaches a specific result. And they can check it for themselves.”
2. Complexity
PREWIT can extract all of the data that the company “lives on”. Its uniqueness lies in the fact that it truly sets the real situation correctly. Petr Jalůvka states that software usually assigns the sale of a specific item or article to a specific customer, according to the lowest price. However, if two or three events with the same price coincide in one period, the assignment of the lowest price to a specific event is random. “On the other hand, PREWIT has a clearly defined algorithm that always works the same way. This means that it actually sets the history to work with the same data all the time. The results are then really accurate, not random,” explains Petr Jalůvka.
3. Fast implementation
“We are able to very quickly adapt PREWIT to a specific food company, and implement it,” states J. Šlajer. Currently, it takes 2-4 months for the system to be ready to work. Other advantages include its pleasant user environment and easy operation.
4. Sustainability
Because PREWIT is built on strong pillars, it manages to “balance” even completely unimaginable shocks. As an example, P. Jalůvka cites the situation that MP Krásno managed, thanks to the tool, covid and swine fever in China: “Huge problems on the pork market have manifested themselves throughout Europe. And it turned out that our software ran stably, without the need to fix algorithms or reprogramme anything. It still provided the benefits it was implemented for, and helped people react to external influences without any intervention.” Being able to work with PREWIT long-term and with excellent results has proven to be one of its strongest points.
5. Our own, custom development
DYNAMIC FUTURE is a Czech consulting company with more than a 20 year history. It has been developing the PREWIT tool for 15 years. “We didn’t take over anything; we invented the entire PREWIT ourselves with our colleagues. But its development did not stop. Together with our clients, we constantly change it according to their needs, so it completely reflects operational reality,” states Jan Šlajer.
6. Self-learning
“The longer PREWIT works in a company, the more accurate it is, and goes on to achieve better and better results,” says Petr Jalůvka. A prime example is MP Krásno, in which the system worked with tons or hundreds of kilograms after implementation. Currently, the predictions happen at the kilogram level, so the prediction is really accurate, and can save a lot in costs.
7. An drive for change
The representatives of DYNAMIC FUTURE are convinced that the tool for predictive simulations changes companies from the ground up. “PREWIT is for customers who don’t believe in miracles. The accuracy of the prediction is based on hard and true data,” explains Petr Jalůvka. There is no such thing as a magic algorithm, and if PREWIT is to work, there must be a revolution in the perception of the customer’s data. It must not collect it “for someone”, but for itself and its own improvement. Only then can realistic results be generated, based on this. Thanks to this, the company can change its strategy and philosophy, and increase its competitiveness.
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