Are you a decision maker struggling with frequent out-of-stock issues or challenges in managing inventory? If so, this video is for you! In this video, Ali Mojiz talks about how predictive analytics is transforming inventory management. By analyzing historical data, identifying trends, and accurately forecasting future demand, businesses can maintain optimal stock levels, improve supply chain efficiency, and proactively respond to market changes. Ali explains why relying on manual Excel sheets and static formulas can be error-prone and ineffective. He shares how replacing these outdated processes with intelligent, automated systems saves time, reduces costs, and ensures shelves are stocked with the right products at the right time. Watch to learn how predictive analytics can revolutionize your business!
Co-Founder / Head of Analytics and Data Science @ Data Pilot | Helping businesses know the Why, What, How and When through Data
Are you a retail or e-commerce store owner facing out-of-stock regularly, and not able to manage supply and demand effectively? This is for you! In 2020 alone, inventory distortion—which includes out-of-stocks and overstocks—cost businesses approximately $1.8 trillion globally. The answer to this problem? Better understanding of your trends and predictive analytics. Predictive analytics transforms inventory management by analyzing historical data, identifying trends, and accurately forecasting future demand. This enables businesses to maintain optimal stock levels, improve supply chain efficiency, and respond to changes proactively. According to McKinsey, businesses that have invested in machine learning to manage demand forecasting have achieved 90% accuracy. In this video, I discuss the importance of understanding your supply and demand data and predictive analytics for inventory management and tackling out-of-stock issues. Relying on manual Excel sheets and static formulas to manage inventory can be time-consuming, error-prone, and often ineffective. By replacing outdated manual processes with intelligent, automated systems, companies save time, reduce costs, and keep shelves stocked with the right products at the right time. Watch to learn how this can be a game-changer for your business! #supply #demand #inventorymanagement