timeSeries
Retail Demand Forecasting
Inaccurate inventory forecasting leading to stockouts and excess inventory
Global Retail Chain
January 2023
retail
Project Overview
Description
A comprehensive demand forecasting solution for a global retail chain that significantly improved inventory management and reduced costs.
Technologies
ProphetPythonAWSTableau
Objectives
- Reduce stockouts across 200+ retail locations
- Minimize excess inventory and associated carrying costs
- Create an automated forecasting pipeline with minimal manual intervention
- Provide actionable insights through interactive dashboards
Project Gallery
The demand forecasting solution has transformed our inventory management process. We've seen significant improvements in stock availability while reducing our overall inventory costs.
S
Sarah Johnson
Supply Chain Director, Global Retail Chain
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