Demand Forecast

Why does a retailer need demand forecast?

Auto ordering based on static benchmarks works for SKUs where demand is steady. In such cases, auto ordering norms set hold and ensure availability in the store. However, in cases where demand becomes unpredictable, relying purely on auto ordering results in inventory issues.

For eg: Promotions or new launches.

Want to know more on how this works for you and try a demo?

What is special about Evok Demand Forecasting?

Leverage the Power of an Ensemble of Machine Learning Algorithms
Adapt basis updated Forecasts near real time basis changing patterns
Understand cause of variance between sales and forecast and how it can be fixed during the forecast period, rather than post period