Smart inventory to guarantee stock and anticipate demand, 100% of times.
Industry: Retail
Site: e-commerce
Use Case: Forecasting & Optimization
Region: Spain
Year: 2020
PROCESS DESCRIPTION
Supply chains and sales and finance departments, among other business units, depend on accurate demand metrics to satisfy customers, better manage inventory, and optimize cash flow.
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PROBLEM
Predicting what customers want, in what quantity and when they will want it is critical to the success of any organization.
GOAL
Develop a Machine Learning model to discover how time series data and other variables, such as product characteristics and location, affect each other
BENEFIT
In this way, it is possible to generate predictions related to the behavior of the demand for a product and the need for resources