The Perfect Forecast: A 2019 Retail Reality

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The Perfect Forecast: A 2019 Retail Reality

By Mike Troy - 11/16/2018
Sasquatch remains elusive, but retailers can count on many sightings of demand forecasting precision in 2019 with broader application of artificial intelligence.

Artificial intelligence (AI) will make the perfect forecast possible in 2019 and yield myriad benefits to retailers and their trading partners. A highly precise demand forecast is a gift that keeps giving because it ensures on shelf availability, maximizes sell through, minimizes markdowns, satisfies shoppers and improves profitability.

AI makes the perfect forecast possible because retailers are faced with an abundance of data but human capabilities to mine the data are limited without the aid of technology. This issue of precision forecasting enabled by AI will be explored by several industry thought leaders in an upcoming Retail Leader webinar. For more details on the event and to register click here.