Case Study: a leading global biopharma company achieves 20% more accurate vaccine demand forecasts with C3 AI Demand Planning

a leading global biopharma company boosts forecast accuracy by 20% with C3.ai

A leading global biopharma company was facing challenges with inconsistent and inaccurate vaccine demand forecasting. Their process relied on statistical models using only historical data, which were then manually adjusted by subject matter experts, leading to low accuracy across different markets. To address this, they partnered with C3.ai.

C3 AI implemented its C3 AI Demand Planning application, which leveraged internal and external data sources to generate accurate forecasts. This solution resulted in a 20% increase in forecast accuracy versus their baseline and a 4% improvement over manual expert adjustments, translating to a potential annual inventory reduction of $20 million for the biopharma company.