Accurate inventory forecasting is essential in supply chains nowadays. Artificial intelligence is transforming this process by analyzing vast amounts of data. From past sales and weather patterns to market trends, it helps generate highly precise demand predictions.
Modern warehouses are leveraging AI to forecast inventory at a granular level, by SKU, location and even by time of day. According to sources, companies using AI-driven forecasting have reported up to a 20% reduction in stockouts and 30% leaner inventory levels. In this e-book, we will look into how AI-powered forecasting works, its key benefits and best practices for implementation in modern warehouse operations.
