Demand Forecasting for CPG2020-11-10T09:26:55+00:00

70% better accuracy for demand forecasting

Developed a new demand forecasting solution from scratch, that reduced the client’s time to market, optimized inventory management, and improved sales consultant experience by reducing stockouts

Business Challenges

The existing planning was based on past campaign performances and intuition, resulting in high error rates and longer campaign planning cycles.

Sigmoid’s Solution

A model was created using a stacked approach combining XG Boost and random forest.

Business Impact

Processed over 250TB of customer and POS data to enable granular data access for enhanced customer analytics. Our approach helped replace the manual effort-intensive process for generating reports resulting in 60% faster reporting and more than 10,000 man hours saved.

For detailed understanding and solution, please download the case study here

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