AI-Based Forecasting for Manufacturing
Client:
A large-scale manufacturing company with operations across multiple countries, producing industrial equipment.
Challenge:
The client faced challenges in predicting sales and managing inventory effectively, which often led to overproduction or underproduction, increasing their operational costs and storage issues. They needed a data-driven solution that could accurately forecast sales and optimize inventory management.
Solution:
IndiaNIC developed a predictive AI model using historical sales data, market trends, and seasonality factors. This model was built using machine learning algorithms that analyzed vast amounts of data to generate precise sales forecasts.
- The model was integrated with the client’s ERP system, providing real-time inventory predictions and optimizing production schedules based on the AI-driven forecasts.
- A dashboard was developed to provide visual insights into sales trends, forecast accuracy, and inventory levels, giving the client clear visibility into their operations.