Taking strategic and important decisions under a high degree of uncertainty is challenging. Demand forecasting is usually a very manual and time consuming process. Therefore, estimating future demand in an automated, more accurate way provides crucial information that can be used in all your business operations.
Using historical data and other sources like weather or macro-economic events, machine learning model forecasts demand for different periods in time.
Listen to the story of Meat&More, a Belgian retailer, and how they predict sales per store & product based on weather, promotions, price, trends and Machine Learning.