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Product demand forecasting for food companies

Would it be a good idea to always make sure that your demand planning truly matches what resellers and customers want, and cut the amount of over-production and material waste to the absolute minimum possible?

Producing just the right amount of product to meet demand has many advantages. With perishable produce an unexpected dip in demand results in waste and loss. A spike leaves orders unfulfilled and consumers buying elsewhere. Predictive analytics combined with machine learning provides a more accurate forecast than is humanly possible. This minimizes cost and waste, and maximizes margins.

Categories: Food