Demand Forecasting to Optimise Product Delivery

Algorhythm
Predictive Analytics
Retail

Demand Forecasting to Optimise Product Delivery

Client'schallenge

This specific client delivers freshly product to their customers. One of the challenges of the company is to understand food demand in stores and restaurants. Twice a week, restaurant managers are required to order products for next day delivery. This is a tricky task for any managers to simply anticipate the need of their clients.

The goal is to help restaurant managers in forecasting the demand, and to achieve a good balance between food waste and shortage.  

The Solution

To better predict required stocks in stores and restaurants, a Machine Learning model (ML) was developed, to learn from sales tickets data. In addition, a deep learning neural network was developed to predict the quantity, per product, that individual restaurants should purchase for the coming days.

The overall solution was fully integrated and automated within a (Microsoft Azure) cloud environment.

Created impact

Thanks to the fully automated solution, a more accurate forecasting on food demand within this client’s restaurants environment has been obtained. Additionally, the result is more than just a tool to assist restaurant managers; this solution also allows for food waste reduction and increase in revenue.

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Fiore Fraquelli
Bussiness developer Cronos.AI