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SOLUTION ACCELERATOR


BUILD DEMAND FORECASTS AT SCALE


PRE-BUILT CODE, SAMPLE DATA AND STEP-BY-STEP INSTRUCTIONS READY TO GO IN A
DATABRICKS NOTEBOOK

Get started


Demand forecasting is the process of leveraging historical data and other
analytical information to build models that help predict future estimates of
customer demand for specific products over a specific period. It helps shape
product road map, inventory production and inventory allocation, among other
things.

According to McKinsey, a 10% to 20% improvement in supply chain forecasting
accuracy is likely to produce a 5% reduction in inventory costs and a 2% to 3%
increase in revenues. In a world where margins are increasingly narrow and
critical, this percentage can be make or break. But traditional supply chain
forecasting tools have failed to deliver the desired results, limiting success
of retailers and manufacturers.


GENERATE FINE-GRAINED FORECASTS AT THE RETAIL STORE LEVEL IN LESS TIME

Perform fine-grained forecasting at the store-item level in an efficient manner,
leveraging the distributed computational power of the Databricks Lakehouse
Platform. This accelerator helps retailers overcome the technical limitations of
legacy data analytics solutions that undermine forecasting accuracy. Instead,
perform full forecasts on atomic-level data within tight service windows to do
things like:

 * Construct a forecast for each store-item combination
 * Project demand for each product across stores
 * As new sales data arrives, efficiently generate new forecasts and append
   existing forecasts

Download notebook


FORECAST DEMAND AT THE PART LEVEL FOR STREAMLINED MANUFACTURING

Perform demand forecasting at the part level rather than the aggregate level to
minimize disruptions in your supply chain and increase sales. Leverage this
accelerator to:



 * Build fine-grained demand forecasting that can be scalably performed on a
   more frequent basis
 * Manage material shortages and predict overplanning

Download notebook


RESOURCES

ALL THE RESOURCES YOU NEED. ALL IN ONE PLACE.

Explore the resource library to learn how to forecast demand at scale.
Explore resources


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EXPLAINER VIDEO

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DELIVER INNOVATION FASTER WITH SOLUTION ACCELERATORS FOR POPULAR DATA AND AI USE
CASES ACROSS INDUSTRIES. SEE OUR FULL LIBRARY OF SOLUTIONS ➞

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