Appbay Demand Forecasting Edge - Demand Planning with AI

Overview

Businesses often struggle with inaccurate demand forecasts, leading to overstocking, stockouts, lost revenue, and ineffective promotions. This solution uses AI to analyze historical sales data, predict future demand, recommend targeted promotions, and align inventory planning, helping businesses make smarter, data-driven decisions.

Key Features & Functionality

Key Features and Functionality of the Solution:

• AI-Powered Demand Forecasting: Uses Gemini integration to analyze historical sales data and predict future demand by product, location, and time period.
• Smart Promotion Recommendations: Automatically suggests targeted promotions (discounts, bundles, cashback) to boost underperforming or high-potential products.
• Dynamic Forecast Customization: Allows users to simulate different pricing or promotional strategies during forecast creation for scenario analysis.
• Real-Time Inventory Reconciliation: Compares forecasted demand with current inventory and identifies gaps to avoid overstocking or stockouts.
• Automated Procurement Workflow: Triggers purchase requests and routes them through a multi-level approval process (Demand Planner → Inventory Team → Procurement Manager).
• Master Data Management (MDM): Manage products, categories, warehouses, prices, and promotions in a centralized, easy-to-update interface.
• Task Reassignment & Workflow Flexibility: Supports task delegation to ensure continuity when approvers are unavailable.
• Product Performance Insights: Visual reports showing forecast accuracy, sales lift from promotions, and inventory impact to aid continuous improvement.

Benefits and Business Impact:

• Increased Forecast Accuracy: Reduces guesswork by leveraging AI to deliver precise, data-driven demand predictions.
• Optimized Inventory Management: Minimizes overstocking and stockouts by aligning procurement with real-time demand forecasts.
• Boosted Sales & Revenue: AI-recommended promotions help increase sales of underperforming or high-demand products.
• Improved Profit Margins: Smarter pricing strategies and reduced inventory waste lead to better cost control and profitability.
• Faster, Smarter Decision-Making: Automated workflows and actionable insights empower planners and managers to act quickly and confidently.
• Time & Cost Savings: Reduces manual effort in forecasting, planning, and procurement through automation.
• Better Customer Experience: Ensures product availability, improving fulfillment rates and customer satisfaction.
• Scalable & Configurable: Adapts easily to different product lines, warehouses, and business strategies.