Manual-based demand forecasting may incorporate unintended bias. Suppose your company sells snow boots, and a snowstorm has been forecasted. So, the store stocks up on winter boots. Yet, the snowstorm comes and goes, and snow boot sales remain unchanged. What happened?
With Enterprise AI, you can extract an infinite number of data points including weather, pricing, economic conditions, and more for accurate demand forecasting. Also, AI-based demand forecasting can improve over time.