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AI for Retail Optimization
Client: RetailCo Ltd.Industry: Retail
RetailCo partnered with us to build an AI-driven demand forecasting engine. Using machine learning models, we reduced stock-outs by 30% and improved overall sales forecasting accuracy.
Challenges
RetailCo had frequent inventory stock-outs and overstock issues due to inaccurate forecasting.
Solution
Implemented AI-driven predictive analytics for demand forecasting, integrating POS and supply chain data.
Results
Inventory costs reduced by 20%, stock-outs decreased by 30%, and sales forecasting accuracy improved by 25%.
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