AI in Demand Forecasting - Enhance Accuracy Efficiency

While order data has traditionally been used by classic forecasting techniques, also referred to as u201cdemand-drivenu201d methodologies, to estimate future inventory demands, these techniques frequently prove ineffective in the volatile modern market. The challenges? Either understocking during an unexpected upswing in demand or overstocking with a sudden decline in demand. These disparities put a burden on resources and might cause a businessu2019s financial downfall.<br><br>

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