A great all rounder if you can keep costs undercontrol
April 26, 2022

A great all rounder if you can keep costs undercontrol

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Amazon Forecast

Forecasting and predicting future points in the supply chain, using historical data to estimate as accurately as possible the quantity of print and raw materials required for manufacturing and printing. We also experimented with both resource and operational planning to predict future staffing requirements and server capacity based on accelerated digital growth as a result of increased digital output that was required from COVID.
  • Built-in datasets
  • Accuracy
  • Machine learning
  • Potential very high costs
  • Predicting ongoing running costs
  • Very product focused
  • Dataset importing
  • Generating/predicting spike forecasts
  • Training predictors
  • It can definitely spike in costs if not heavily controlled internally via processes
  • Has proven useful around digital resource forecasting, proving more accurate than traditional methods
  • Had an unforeseen cost increase in terms of training internal users
Amazon Forecast immediately stood out for us during product evaluation due to our tech ops team having significant AWS experience. Having a relatively good understanding of the pricing tiers, environment setup, and an active tech ops team within AWS meant that there was a basic understanding of the UI, terms, and concepts compared to other products in the product evaluation stage.

Do you think Amazon Forecast delivers good value for the price?

Not sure

Are you happy with Amazon Forecast's feature set?


Did Amazon Forecast live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Amazon Forecast go as expected?


Would you buy Amazon Forecast again?


I personally get the feeling that Amazon Forecast must have been a direct product released on the models Amazon themselves must have used at some port. Amazon Forecast definitely shines when using it for product demand, inventory, and pricing throughout store locations, etc. Everything, including data-set importing, works best in this context. When applying it to more edge cases like resource planning around events, it can be a bit more tricky to apply effectively.