The demand prediction tool PREWIT (PREdiction WIzard Tool), developed and still being innovated by the DYNAMIC FUTURE team, has already helped several large manufacturing companies in the Czech Republic. “The positive feedback from customers and the fact that it is a unique solution, at least in Europe, leads us to further intensive development and expansion into new markets,” says Jan Šlajer, Managing Director. PREWIT is thus becoming the flagship product of DYNAMIC FUTURE and, among other things, it is to be integrated with artificial intelligence.

Convincing results motivate further investments

“We decided to support the project in a really big way, which we are about to do, because of the satisfaction of the existing users. We intend to give PREWIT the highest priority in terms of development and in terms of communicating its benefits to customers,” says Šlajer, adding that the success of the system is demonstrated by concrete results – for example, Hollandia managed to reduce its inventory by 30% after its implementation.

And she’s not the only one. Another major food company, Madeta, is also using the potential of PREWIT. “At Madeta, they plan to use PREWIT as the only proper data source for prediction,” says the managing director. They load the data into the system and want it to be used not only by operational planners but also by salespeople throughout the planning process.

Modernization and extension of functionalities

A tool that works with statistical data analysis to make accurate predictions will see significant investment. “Among other things, we are currently redesigning the computing core to process larger amounts of data,” explains Šlajer. The new version will be faster and as convenient as possible for users.

The integration of artificial intelligence is also planned, which will bring better interpretation of data. “AI will help users to correctly interpret large amounts of data from PREWIT,” adds Šlajer.

DYNAMIC FUTURE will also offer customers a subscription instead of a one-time license. “They will thus pay a lower monthly amount instead of a high initial investment. They can allocate it from so-called operating money, not investment money, which is much simpler,” explains Šlajer of the benefits of the innovative approach.

Expansion into new markets

As PREWIT is proving to be an extremely high-quality tool with excellent results, DYNAMIC FUTURE intends to support its sales as much as possible in the coming years.

“Our goal is to expand our sales network and soon expand into other markets, not only in the Czech Republic and Slovakia. We already have some enquiries and we expect further implementations this year,” reveals the managing director.

Comprehensive solutions for the future

As he adds, PREWIT is a comprehensive tool for modern logistics and planning. In addition to demand forecasting, it offers:

  • Capacity planning and warehouse sizing
  • Optimisation of the inventory management system
  • Event and graduation management
  • Connection to ERP systems
  • Integration with management information systems

“Today, many companies are trying to optimize their shipping and distribution processes. PREWIT is helping them significantly,” concludes Šlajer.

DYNAMIC FUTURE clearly states that PREWIT is a key element of its future strategy. With planned investments in development, a new approach to licensing and growing customer interest, it has all the ingredients to become a leader in demand forecasting and optimization of production processes.