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The Complete Guide to Machine Learning in Retail Demand Forecasting

    In today's data-rich retail environment, machine learning can help tackle your biggest demand forecasting challenges.

    Download our free guide to learn:

    • How machine learning enables you to forecast the impact of promotions, price changes, and cannibalization
    • How you can predict the impact of external factors, such as weather or local events
    • Best practices for using machine learning in your retail business

    “...In a 2020 study of North American grocers, 70% of respondents indicated that they could not take all the relevant aspects of a promotion—such as price, promotion type, or in-store display—into consideration when forecasting promotional uplifts. But they wish they could. Here....machine learning can help. Using machine learning-based demand prediction, retailers are able to accurately predict the impact of promotions… .”

    About RELEX

    RELEX Solutions helps retailers and consumer brands drive profitable growth across all sales and distribution channels by maximizing customer satisfaction and minimizing operative costs. Our market-leading, unified supply chain and retail planning platform helps retailers and consumer goods companies align and optimize demand, merchandise, supply chain, and operations planning across the end-to-end value chain. We drive record-high product availability, increased sales and margin, improved sustainability, and the best return on investment in inventory, space, workforce, and capacity. Leading brands like Autozone, Stokke, Tractor Supply Company, Rite Aid, Sprouts Farmers Market, Vitamin Shoppe, and Family Farm & Home trust RELEX to optimize their supply chain and retail planning.

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