MIR’s AI forecasting pinpoints key risk factors from billions of market data points to deliver real-world forecasts. This enables up to 7% in purchase loss avoidance and provides a data-driven approach to safeguarding sales margins.
Challenge
Solution
Accurate six-month price forecasts across Asian and Western markets
By leveraging MIR’s real-world, real-time forecasting models, Jobachem achieved highly accurate six-month price forecasts for critical base chemicals across Asian and Western markets. With a deeper understanding of how real-world events shape future prices, Jobachem can now make informed decisions on purchase timing and sales pricing. MIR empowers Jobachem to anticipate market shifts, optimize procurement, and secure competitive pricing for its customers.
92
Correctly Identified Purchasing Opportunities
7.2mil
Loss Avoidance Potential
7
Loss avoidance potential
Results
Loss avoidance potential of up to 7% of annual revenue
By partnering with MIR Insight, Jobachem gets a real-world perspective on price forecasts for key base chemicals, enabling informed purchasing and pricing decisions. This unlocks a purchasing loss avoidance potential of up to 7% of annual revenue.
”MIR Insight positions your organization favorably in the market. Without an AI-based solution, you risk significant disadvantages that may hinder long-term survival. Embracing AI is not merely beneficial; it is essential for maintaining competitiveness and ensuring future success.
Julian KahlCEO, Jobachem
