Hoff Analytics announced the launch of Cloe Demand Forecast, a new artificial intelligence-based functionality that projects demand for inputs in construction projects. The solution integrates a new stage of the company's portfolio expansion and aims to organize information about active constructions, indicating when, where, and in what volume specific material categories may be demanded.
The tool seeks to expand manufacturers' visibility into the civil construction consumption cycle, bringing industrial planning closer to the actual pace of construction. Currently, many decisions are made based only on sales history or generic market estimates, which can generate inefficiencies.
According to Hoff Analytics, the lack of visibility into the timing of material purchases represents a challenge not only for commercial areas but also for departments responsible for production, inventory, and distribution. When production exceeds demand, the company may accumulate goods and occupy storage space unnecessarily.
