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Number of applications: 8

Development of an intelligent food demand forecasting system
Customer

Agrostream
Decision acceptance deadline

10.09.26 (inclusive)

Form of award

не предусмотрена

Product status

Idea

Task type

ICT tasks

Сфера применения

Food industry

Область задачи

Intelligent control systems

Type of product

Software/ IS

Problem description

Manufacturers and sellers of food products face the need to constantly balance between a shortage of goods and excess stocks. Errors in forecasting demand can lead to overproduction, accumulation of excess inventory and subsequent write-off of products with a limited shelf life. It is necessary to improve the accuracy of demand forecasting and ensure decision-making based on the analysis of historical and current data.

Expected effect

* reduction in the volume of write-offs; * Reduction of excess inventory; * reducing the risk of product shortages; * Improving the accuracy of production and procurement planning; * Inventory optimization; * Reduced operating costs.

Full name of responsible person

Adilova L.M.

Purpose and description of task (project)

The creation of a demand forecasting system, which, based on historical data on sales, seasonality, prices, stocks, balances and other factors, will determine the expected demand for food products. The system should generate forecasts and recommendations on the volume of production, purchases and stocks of products.

Note

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