Retailers in the back-to-school space experienced a once-a-century year in 2020, and as the season comes to a climax, companies selling school-related products, like apparel and electronics, are using the learnings from the last year to better forecast the actual demand, determine assortment and optimize inventory levels. They are taking sales and other financial statistics from only the most immediate past periods and applying AI and machine learning to optimize their assortments and sharpen their pricing strategies.
Performance Marketing – the Next Frontier in Supply Chain Optimization?
CSCOs, Listen Up - It’s Not the Data’s Fault
To all Chief Supply Chain Officers - it’s time to take control of the data that drives your business and adopt a new, more trusting, mindset. Too often I hear the cop outs… “those are projections from sales and finance — their data cannot be trusted, we hope to have clean data soon, then we can move forward” to “I don’t have time for another S&OP meeting about whose forecast data is best” to “are we really going to fund another data project that will take longer, cost more, and have minimal impact.”
Infographic: AI Demand Modeling Studio.
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AI Demand Modeling Studio – Simplified access to the world’s best forecasting
Antuit.ai recently released its AI Demand Modeling Studio for consumer product and retail companies, opening up their best-in-class AI to consumer product and retail companies. This article answers the FAQ about AI Demand Modeling Studio.