Demand Forecasting is pretty explanatory itself, and every business with sales, stock, production, and planning operations can benefit from it. It means learning from past sales data to forecast future demand but as in every other modeling process, design of the problem and data preparation are the pivotal processes before modeling the demand.
Enhencer predicts a probability for the next timeframe(day/week/month) by detecting and learning the patterns in sales history. Plus, here is another cool job Enhencer can do for you: It can build tens, hundreds, or thousands of models in an incredibly short time for predicting the demand of each SKU(product), thus providing a very high-resolution picture of your firm's future.
In the age of machine learning, no business should leave it to guesses. In addition to the common algorithms, Enhencer favors interpretable ML, and while showing the insight into the future demand in a beautiful dashboard, it explains as to why it predicted that number. Forecasting demand is essential for a business as you might have disastrous consequences when you lack data-driven decision support systems, which are already commonplace in many organizations.
Enhencer lets you share your predictions with others in beautiful dashboards. That’s why we call it: Predictive Storyteller
Use our offline and online data integrations for a continuous flow.
Integrate predictions in any format to take actions