The Future of Forecasting White Paper

Excess inventory is a growing problem for companies across all industries. Since 2011, the ratio of inventory to sales, as reported by the U.S. Census Bureau, has been on the rise. New sales channels have ushered in a new level of demand volatility, and many companies have responded to this uncertainty by increasing their inventory levels to ensure that product is always available, whenever and wherever the customer needs it. While this approach can help to ensure that there is enough product to meet customer demand, carrying excess inventory is not a profitable or sustainable long-term solution. Faced with growing supply chain complexity and demand volatility, improving forecast accuracy has become a top priority for many companies. Download the white paper to learn how machine learning is transforming the demand planning process.