Data Analytics & AI/ML Use Case

Samsung Electronics

AI-based Demand Forecast

Industry

Manufacturing

About Samsung Electronics

  • Multinational electronics corporation with huge daily production demand
Watch “Samsung Demand Forecast” Case on Youtube
Challenge
  • Samsung had difficulties in forecasting accurate demand for each store and by product units which resulted in excessive and shortage of inventory
  • There was also uncertainty to find numerous factors that influence the future sales and was lack of analytics model for accurate demand forecasting
Solution
  • Helped on AI-based Demand Forecast Model Development & Dataset Management
Benefit
  • Increased forecast accuracy from 55.3% to 80%
  • Saved the time of forecasting
  • Avoid excessive inventory & Reduce logistics expenses

Demand forecasting for Sell-Out Data

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