AI in demand forecasting - Demand Forecasting & Supply Planning Blogs | Lite ThouSense

AI in demand forecasting

A collection of 5 posts

AI-Powered Demand Planning

demand planning

Handling Supply Chain: Overcoming Obstacles by AI-Powered Demand Planning

Introduction Did you know that businesses lose about $1.1 trillion each year because of bad supply chain management, causing stockouts and overstocked inventory? As stated by Conveyco, this loss shows how important it is to manage the supply chain well. Supply chain management involves coordinating activities like sourcing, manufacturing,

AI in demand forecasting

demand forecasting methods

AI in Retail Demand Forecasting: Moving from Reactive to Proactive

Introduction In the dynamic world of retail, the art of predicting what, when, and how much customers will buy is crucial. Traditional demand forecasting methods, though reliable, often lag behind the fast-paced market trends. Enter AI in demand forecasting, a revolutionary approach that's reshaping the retail landscape. This blog explores

Machine Learning for Identifying Demand Patterns

AI in demand forecasting

Machine Learning for Identifying Demand Patterns

Demand forecasting is an essential stage. Businesses incur the risk of having inventory management problems, which might lead to either over- or under-ordering of specific commodities at particular times. When there are too many products on the market, businesses may need to provide discounts to sell surplus inventory, but shortages

demand analysis Featured

Why We Created "Dexter": The Ultimate Q&A Sales Chatbot for "thouSense" Powered by Generative AI

In today's increasingly interconnected digital era, information is the key to decision-making. While conventional methods of customer engagement have served us well in the past, the rise of Generative AI has opened new horizons for user interactions. Recognizing this paradigm shift, we at Thoucentric Labs embarked on a mission to

Demand Forecasting

AI in demand forecasting

How AI/ML-Enabled Demand Forecasting Boosts Logistics?

In the intricate world of supply chain management, logistics stands out as the area with the most potential for unpredictability. These complexities include a wide range of elements, such as erratic weather patterns, shifting fuel prices, and the mysterious expenses related to last-mile delivery. The growing use of Artificial Intelligence

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