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AI-powered demand forecasting for client production and distribution
#logistics, #ML/AI
CHALLENGE
Inaccurate customer demand forecasting posed challenges for the client, resulting in suboptimal inventory management, higher operational costs, and customer dissatisfaction from frequent stockouts.
CLIENT
A manufacturer with local warehouses and stores.
TECHNOLOGY
Python, Machine learning frameworks (TensorFlow, PyTorch), AWS, data visualization tools.
TEAM
Skilled software developers with extensive Python and Artificial intelligence knowledge.
INDUSTRY
Logistics
SOLUTION
Our team proposed the implementation of an AI-powered demand forecasting system. This system leveraged real-time data analysis and advanced machine learning algorithms to generate accurate demand forecasts. The system provided timely and precise predictions by considering historical sales data, market trends, promotional activities, and external factors.
IMPACT
Upon completion of the project, the client got
●optimized inventory management
●reduced operational costs associated with overstocking or stockouts
●improved manpower planning
●increased customer satisfaction level due to a reduced likelihood of encountering product unavailability
WE ARE EAGER TO APPLY OUR EXPERIENCE TO HELP YOUR BUSINESS GROW
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Muteki Group is a full-cycle software development company that has successfully completed 100+ AI projects for startups and enterprises since 2015. Our 80+ member team covers everything from the discovery phase to support. We are located in Ukraine, Poland, Estonia, Japan, Canada, UAE, and the USA.
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