Consumer demand forecasting in retail

Demand forecasting drives the entire retail supply chain and helps retail companies fully understand customer demand patterns: not just what was purchased, willingness to purchase specific products, at a specific price, in a specific time frame, but what those patterns reveal about future potential. That enables retailers to minimize costs, realign their assortment, promotion strategies and drive more evidence-based decisions throughout the organization.

At ENFINT we develop for our customers from the retail industry a set of algorithms based on machine learning tools, which will be used to automatically forecast the demand for the purchase of goods in the company's warehouse system. This model can be used to forecast the demand for particular products or groups of product categories over the horizon of 1-2 months.

Learn more about our state-of-the-art technologies that help companies to improve cost efficiencies and optimize processes.