Turn Forecast into Foresight
Sales forecasting is fundamental for every business, particularly in the realm of retail and e-commerce. By anticipating demand, businesses can allocate resources and set up their infrastructures accordingly. Xebia's demand forecasting experts help you predict the evolution of your product demand accurately, saving you from problems like understocking or overstocking, and optimizing your time and budget. Our consultants can help you set up forecasting from scratch or upgrade your current system. Our consultants can help you set up forecasting from scratch or upgrade your current system. They have already helped Ahold —improving the forecasting accuracy by 5%— and Kramp —improving it by 4%, saving the company 8 million euros yearly.
What it takes to translate your strategy into business solutions
Your processes with regards to AI solutions are as important as building them and getting it into production. Ideation workshops, AI literacy trainings, product ownership and management of enterprise-scale projects it's all important. To do this you need the right analytical capabilities, workflows and be ready to scale. All this, with the right foundation in place: A modern data stack and data warehouse.
- Develop business capabilities to discover and prioritize AI use cases
- Maninging the AI products and leveling up AI-literacy
- Developing the right analytics capabilities
- Setting up the foundations with a modern data stack & data warehouse
Implementing demand forecasting doesn’t come without challenges. This is how Xebia addresses them.
Seasonality takes many forms: from weekend drops to Christmas surges. To track all components of seasonality, Xebia brings you high-performing machine learning algorithms that model the ups and downs in demand. Do you want to learn about the basics of forecasting and seasonality? Check out this blog post. Do you feel ready for a taster of how we do it? Take a look at this PyCon talk on Time Series with Python by our colleagues.
The integration of machine learning models with your infrastructure can be costly. Xebia offers you a wide range of tested templates compatible with all major cloud providers and all type of data structures.
Models become outdated because demand changes over time. This decrease in the model’s performance is known as data drift. By working closely together with your team, we will transfer the knowledge they need to retrain and update the model after we're done and gone.
Demand Forecasting Solutions
Xebia offers you a wide range of options in consulting, solutions and training to satisfy all your demand forecasting needs. If you would like to learn about this technology yourself, check out this training on Practical Time Series Analysis & Forecasting. If you are a manager hoping to get your team up to date with this technology, contact us below.