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Free E-book

AI – A Game Changer in Supply Chain Demand Prediction

AI is poised to change how you manage your inventory!

  • Decision-making: Discover how AI can provide real-time insights and predictive analytics to make more informed decisions in inventory management.
  • Increased Automation: Learn how AI-powered automation can reduce manual tasks, minimize errors, and increase operational efficiency.
  • Streamlined workload: See how AI can ease the burden on your team by optimizing workflows and improving resource allocation.

Download our eBook to unlock the full potential of AI to transform your inventory management processes. Get expert insights to start increasing efficiency and saving costs today!

AGR Inventory - Inventory management software

What will you learn from this eBook?

1

What is AI-powered forecasting?

AI improves demand forecasting by combining historical data and market trends, making businesses more agile and accurate.
2

Blending AI and statistical forecasting for the best results

The combination of traditional statistical methods with AI techniques offers supply chain managers a balanced approach to forecasting, leveraging the strengths of both methods.
3

Data preparation and empowerment

To take full advantage of AI-powered forecasting, your data needs to be clean and accessible.
4

Seasonal AI solution

Integrate AI for better seasonality, new item management, and faster pattern recognition.

 
 
AI – A Game Changer in Supply Chain Demand Prediction
About

About the e-book

AI represents a major step in supply chain management that goes beyond traditional statistical methods. By combining machine learning and advanced analytics, businesses can gain deeper insights into consumer behavior and market dynamics. To fully leverage AI, robust data, organizational support, and a strategic mindset are required. The AI’s ability to integrate historical sales data with external factors allows demand fluctuations to be accurately predicted, optimizing inventory levels.

Techniques like XGBoost demonstrate the potential of AI by handling sparse data and unexpected sales spikes effectively. The combination of AI and traditional methodologies provides supply chain managers with a balanced approach, with AI particularly standing out in complex and dynamic environments.

Data preparation is crucial as AI’s effectiveness depends on clean and accessible data. By embracing AI, businesses can improve their ability to handle seasonal trends, new items, and rapidly changing patterns.

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Testimonials

Don’t take our word for it

Hear what our customers have to say about working with us.

AI – A Game Changer in Supply Chain Demand Prediction

“After implementing AGR, we have lowered our inventory levels by over 30%, consequently freeing up valuable working capital and saving considerable time in the purchasing process.”

  • JYSK
  • Grettir Björnsson, IT manager, JYSK Canada
AI – A Game Changer in Supply Chain Demand Prediction

“AGR has helped us reduce our stock holding by 15% as well as saving us 50% resource requirements. At the same time we have added new product lines and maintained the very high service levels our customers have come to expect – a great result.”

  • Newitts
  • Ian Wilson, IT manager, Newitts
AI – A Game Changer in Supply Chain Demand Prediction

“Our forecasting plays a big role here, and we must say that we are incredibly satisfied with our solution from AGR. It is easy to use, quick to learn for new employees, and it works well with our Microsoft Dynamics AX solution. One of the most important gain of the system is perhaps the effective reporting tool, which gives me and my employees an accurate overview of the goods and purchasing flows on an ongoing basis.”

  • Rosendahl Copenhagen
  • Per Munk Nielsen, Logistics Director, Rosendahl Design
AI – A Game Changer in Supply Chain Demand Prediction

“Today, we can more accurately estimate the sales volumes of stores because we base the distribution of goods on sales history and forecast.”

  • Søstrene Grene
  • Jakob Skytt Gergersen, Head of Supply Chain, Søstrene Grene
AI – A Game Changer in Supply Chain Demand Prediction

“AGR works on item number level, so now we can get automatic forecasts for specific products. At the same time, the quality of the forecast is good, and the system has contributed well to reducing inventory levels, while increasing service levels.”

  • BoConcept
  • Dennis Bilgrav, Logistics Manager, BoConcept

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