AI Use Case

Predict future demand trends and potential constraints in supply chain

Function

Benefits

Operational Support - Demand forecasting,Cost - Reduced inventory costs

Case Studies

Adidas~Adidas learns from its consumers' design creation to better anticipate future demand trends using machine learning,"Gousto~Gousto, a British meal kit retailer, grows customer base by 700% by using machine learning to forecast demand and personalise recommendations",Stitch Fix~StitchFix keeps track of customer behavioural and purchase patterns to predict demand and manage inventory using state transition matrices and Markov chain models,Instacart~Instacart predicts availability of 200 million grocery items every 30 minutes using machine learning

Potential Vendors

Industry

Industrials

Manufacturing

Data Sets

Structured / Semi-structured,Time series

AI Technologies

Traditional AI,Machine Learning (ML),ML Task - Action Selection - Reinforcement Learning ,ML Task - Prediction - Regression