Key Highlights
- OptiSol collaborated with a leading pharmaceutical company to build an AI-based sales forecasting solution for improved accuracy and efficiency.
- The solution leveraged historical sales data and seasonal patterns to generate monthly and quarterly forecasts.
- Multiple forecasting models such as ARIMA, SARIMA, and Facebook Prophet were tested, and the best-performing model was implemented.
- The AI-powered approach enabled the client to identify sales drivers, track performance trends, and forecast demand even in new markets.
Problem Statement
01
Demand Prediction: The client faced challenges in predicting demand accurately without accounting for historical and seasonal sales patterns.
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Performance Visibility: Limited ability to forecast future sales performance and identify potential risks or disruptions.
03
Sales Drivers: Difficulty in pinpointing key sales influencers like seasonality, promotions, or external market conditions.
04
New Markets: Inability to forecast sales trends in new territories, making expansion decisions uncertain.
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Performance Tracking: Lack of systematic analysis to track long-term performance and spot areas for improvement.
Solution Overview
01
OptiSol developed an AI-driven forecasting platform tailored for the pharmaceutical industry.
02
The system analyzed historical sales data and market trends to deliver actionable insights for strategic planning.
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Advanced predictive models, including ARIMA, SARIMA, and Facebook Prophet, were tested, with the most accurate model selected for deployment.
04
The solution generated monthly and quarterly sales forecasts, considering seasonal variations and external factors.
05
This predictive framework empowered the client to improve demand planning, risk management, and overall sales efficiency.
Application Screenshots
About The Project
OptiSol partnered with a leading pharmaceutical company to enhance sales planning using AI-driven forecasting. The solution analyzed historical sales data and seasonal trends to generate accurate monthly and quarterly forecasts, identify key sales drivers, and support new market expansion. By leveraging predictive analytics, the client improved decision-making, optimized resources, and strengthened overall sales performance.
Technology Stack:
FAQs:
Was the solution specific to the pharmaceutical industry?
Yes, the forecasting system was designed with pharma-specific sales cycles, seasonality, and regulatory factors in mind.
How does this solution improve decision-making?
It provides visibility into sales patterns, risks, and opportunities, enabling leaders to make informed, data-backed decisions.
Can this solution work for other industries?
Absolutely. Predictive analytics can be applied across industries like retail, FMCG, and healthcare to optimize sales performance.
What role did AI play in this project?
AI enabled automation in analyzing large datasets, detecting patterns, and generating accurate forecasts faster than manual methods.
How does this solution help with new market expansion?
The forecasting system can simulate and predict potential sales outcomes in untapped markets, reducing uncertainty in expansion planning.
Testimonials of Our Happy Clients
Ken Kisner
Global Head of Digital R&D
My experience has been incredibly positive. They were incredibly easy to work with, even with changing requirements.
They are incredibly competitive, but are only a fraction of the cost of US companies.
They are definitely the most professional of the foreign companies that we were looking into.
Nyswyn K.
Director of Software Development
Our journey with OptiSol has been nothing short of remarkable. For over 7 years, we have partnered with them on our digital transformation, and the results have been truly transformative.
Over the years, we have come to trust OptiSol Business Solutions as a reliable and strategic partner.
Al Bagiro
CTO, Auto Insurance Company
The AI engine was completed on time and trained to 90% accuracy. Their eagerness to learn new knowledge impressed us.
Their team is large to handle multiple projects at once, and likes to resolve challenges as well as learn new things. They also welcome regular communications, and of course, needless to say, develop everything in sprints.
Dan Talken
Founder, CEO, & CTO, My Equipment Library, LLC
OptiSol Business Solutions has shown youthful skill and dedication to the projects. Moreover, they have been quick to implement their solutions without sacrificing the quality of each platform.
We’re constantly impressed with their speed and quality of the development that they achieve on a consistent basis.
Dr. A.K Pradeep
CEO MachineVantage
Exceptional Collaboration and Expertise - A Top-Notch Partner for AI, ML, and Digital Applications.
I have had the privilege of working with an exceptional team of professionals from India on numerous AI, ML, and digital application projects. Their expertise in these domains is remarkable, and they consistently impressed us with their knowledge, resources, and innovative approach.
Rick Tigges
CFO, Bemodo
They are very responsive and able to shift focus quickly as we have needed it for business reasons.
OptiSol Business Solutions has been great at documenting the timeline of the project. They were very responsive and were able to shift focus quickly, as well. They discuss what they’re working on without any issues. So far, there’s no need to improve their service.