AI. Retail Demand Forecasting
A multi-sectoral solution to forecast retail demand.
Based on Azure Machine Learning predictive cloud service.
The solution will prove helpful to a chief sales officer, marketing director, production director.
Platform: Azure Machine Learning
You need to
Develop realistic sales plans based on long-term forecasting
Analyse the company progress in achieving its goals with short-term planning
Make real-time adjustments in the sales strategy
Plan the product assortment for outlets effectively
Replenish the product assortment in a timely manner according to the demand
Improve the production of finished goods
Realistic sales planning
The long-term forecasting enables developing reality-based sales plans, thus improving the motivation of your sales force and reducing financial risks.
Prompt analysis of the company progress towards its goals
For this purpose, the solution offers short-term forecasting, which will be the indicator that enables timely tracking of the progress intended.
Prompt adjustments in the sales strategy
In case the sales performance differs from the planned one, the short-term forecasting will enable you to quickly make necessary adjustments in the sales plan.
Efficient planning of the product assortment
Navicon Retail Demand Forecasting will significantly improve the planning of product assortments for outlets, taking into account the geographical area, economic situation and other factors.
Timely demand-based assortment replenishment
Navicon Retail Demand Forecasting enables you to replenish the product assortments of the outlets in time, avoiding overstocking or shortages.
Templates for a wide range of tasks