Why is AI demand forecasting important for the retail industry?
Our demand forecast Solution, based on good practices from the retail-industry offers you a template in which you can insert your historical data. If you want, you can select additional external sources out of our library, which can the result even better. Typical external sources are weather-, economic- or holiday data.
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Maximize your revenue and optimize your Portfolio by AI-forecasting the future demand based on historical data.
How does AI demand forecasting work?
AI demand forecasting uses machine learning algorithms to analyze vast amounts of data, including sales data, consumer behavior, and market trends. The algorithms can identify patterns and relationships in the data that would be difficult or impossible for a human to detect. Based on this analysis, the algorithms generate a demand forecast that takes into account past sales, current trends, and other factors that may affect future demand.
Import the Data of your Stores, including price, promotions, stock-situation and date
After the automatic training, you can select an algorithm of your choice, or just let the application decide which one to take
Start a new Forecast just by clicking a button – it’s that easy
Analyze the demand forecast data for your future orders, plannings and budgets
Industry solutions
Artificial intelligence, machine learning and modern data and analytics platforms have long since begun to fundamentally transform almost every sector of modern business life. Join us at the forefront of this development – towards greater efficiency, profitability and competitive strength!
