Revolutionizing Forecasting with Unified Demand Forecasting for Supply Chain Retail by SAP Customer Activity Repository (CAR) using Machine Learning, Predictive Analysis, and AI
DOI:
https://doi.org/10.63282/3050-9262.IJAIDSML-V6I3P101Keywords:
Unified Demand Forecast, SAP CAR, Machine Learning, Predictive Analysis, Artificial Intelligence, Retail, Supply Chain, Inventory Optimization, Demand Influencing FactorsAbstract
In the supply chain of modern retail systems, accurate demand forecasting is vital for optimizing inventory, minimizing waste, and maximizing profitability. Traditional forecasting methods often struggle with the complexity and volatility of consumer behavior, leading to stockouts or overstock. This white paper details how SAP Customer Activity Repository (CAR) with Machine Learning (ML), Predictive Analysis, and Artificial Intelligence (AI) capabilities, can deliver the unified demand forecast which can be leveraged in SAP IBP. By leveraging real-time transactional data, external influencing factors, and advanced analytical models, retailers can achieve unprecedented forecast accuracy, enhance operational efficiency, and gain a significant competitive advantage. This paper will explore the methodologies, technical considerations, and tangible benefits of implementing such a transformative solution within the SAP ecosystem
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