Algonomy's AI-driven demand forecasting solution enhances retail and supply chain planning by delivering hyperlocal precision. Utilizing machine learning algorithms, it auto-generates tailored models for each channel, category, and store combination, incorporating factors like promotions, historical sales, and external influences such as holidays and weather. This approach results in up to 97% demand forecast accuracy, a 75% reduction in out-of-stock instances, and a 30% decrease in inventory days, optimizing inventory management and boosting customer satisfaction.
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