A leading biotechnology company that discovers, develops, manufactures, and commercializes medicines to treat patients with severe or life threatening medical conditions wanted to optimize the estimates for print material which were time consuming and often error prone. In order to help mitigate the chances of stockouts, minimal holding stocks, and wastage, Incedo developed a ML based forecast model, which benefitted the client through:
Robust demand forecasting model with 85% accuracy for items
Better managed inventory allocation with reduced overheads and flexible access to data and self-service at enterprise level
Light and fast dashboard with real time reaction to pre-emptively adapt to market changes and variation in actual item demand
