Machine Learning in Retail: A Key to Supply Chain Survival
Intensifying competitive pressures of expanding ecommerce, shifting consumer preferences and rising expectations around customer service are combining to up-end the status quo in the retail industry. With machine learning-augmented forecasting, retailers can optimize inventory and replenishment to achieve higher on shelf availability while carrying less stock. Our retail brief covers:
- What is machine learning?
- How machine learning helps retailers better predict volatile demand
- How to use machine learning to tackle retail supply chain challenges like new product introductions, extreme and dynamic seasonality, promotions and even short shelf-life items
- How you can take the next step to try machine learning