Utilising machine learning for accurate demand forecasting and inventory management.
Role | Deep Tech Used | Impact Vector | Industry | Impact Vector %Benefit |
---|---|---|---|---|
CIO, COO | Machine Learning | Data | FMCG & Consumer Goods | 36% |
Utilising machine learning enables accurate demand forecasting and efficient inventory management. Machine learning algorithms can analyse historical sales data, seasonality, market trends, and external factors to predict future demand more precisely. This helps companies optimise inventory levels, reduce carrying costs, prevent stockouts, and improve overall supply chain efficiency.
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