Is AI powering Your Demand Forecasting?

Improve demand forecasting accuracy with advanced AI & ML models and boost revenues.

Learn how a Fortune 100 sportswear brand accurately forecasts demand and improves inventory management

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Business Problem

To develop a demand forecasting engine at multiple product hierarchy levels such as customer, category, style, etc. to help in inventory allocation planning using accurate product demand estimations.

Outcomes

The ML and deep learning-based launch tool enabled the client in achieving pertinent supply planning with fewer manual interventions for better inventory decisions at both the category and style (SKU) level. It also simulated variations in the launch plans of different styles.

Increase in forecasting accuracy from existing 60-65% to 85-90%

Reduced stock-outs due to better inventory & supply chain management
Reduced executional downtime due to automation of framework

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