Founded in 1939 in Bombay, India, the client is a global leader in the Oleochemicals as well as the Personal Care product segments. Today, the client has three main business verticals- Contract Manufacturing, Consumer Products and Oleochemicals. The client has 16 operating centers which are spread across Asia, North America, Europe and Africa.
- Organizations are aggressively adopting AI/ML-driven demand predictions, which promises more accurate forecasts and a good ROI. Most organizations realize the true benefits of Machine Learning forecasting only after they have adopted the same.
- The client wanted to improve their demand forecasting model and optimize their inventory management. The actual demand of products varied exponentially from forecasted demand resulting in shortage or excess of inventory.
The new model tested with future predictor data gave an accuracy of
Our Demand Forecasting solution helped client reducing gap between actual demand and forecasted demand as much as
and this improved inventory planning
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