Forecasting Retail Customer Demand with Machine Learning & Data Science

Get access to an insightful eBook about how global Retailers are building systems for demand forecasting down to a local or even shop level, considering a multitude of impacting factors, predictable and unpredictable

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What to expect from this eBook

  • An overview of the current state of the Retail industry

  • The challenges the Retail industry faces in 2022

  • How can you leverage the benefits of customer demand forecasting?

  • Examples of Values-Driven Consumption and some key actions to consider

  • Examples of how customer demand forecasting via ML and data science can provide solutions to existing problems

  • Explanation of all the technology and business concepts related to the main topic

  • How to predict demand with Machine Learning

Relatively Predictable External Factors

Seasonality
Trends
Recurring Demand Patterns

Impact of Business Decisions

Price Changes
Promotions
Advertising

Unpredictable Factors

Weather
Local events
Industry News
A global pandemic

What factors can be taken into consideration

How does customer demand forecasting aid retail businesses?

Never going out-of-stock

Cost Cutting

Increased revenue

mindit.io’s work has streamlined company operations, resulting in savings. Their communicative and responsive approach ensures a smooth collaboration. They set realistic expectations and are honest with their capabilities. Ultimately, they’ve exceeded the client’s expectations.
Tim McConnehey
CEO, Izzard Ink
They deliver on-point results while maintaining an agreeable relationship with us.
Federico Marmori CTO, Swisscom (Schweiz) Health Department
Their resources are working well within our squads.
Peter Amrhyn CTO, Swisscom Trust Services AG
They are always ambitious to deliver the best possible solution.
Plant-Based Dev Product Company
Well executed customized software for automation, language processing, and machine learning. We have had a great experience with mindit for the past year. They have taken over much of our software development needs and automation. We have saved a few FTE and documented all of our processes to be consistent. We now have best in class royalty software system and publishing AI.
Tim McConnehey CEO, Izzard Ink

Discover how Data Science is changing the way Retailers forecast Customer Demand

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