Demand Forecasting for CPG2021-03-23T08:51:18+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

Improved the existing forecast solution with 3.4x reduction in forecast bias. The resultant campaign planning led to over $30MN cost savings in inventory handling and 33% rise in the number of annual campaigns.

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

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