Demand Planning and Forecasting Optimization - O9 Solutions and Azure Databricks
O9 Solutions
Overview
Retail companies need accurate demand planning and forecasting to manage inventory, optimize supply chain operations, and meet customer demands effectively. o9 Solutions and Azure Databricks were selected to enhance demand planning, improve forecast accuracy, and provide a scalable platform for data-driven decision-making.
Challenge
- Inaccurate demand forecasting led to frequent stockouts and excess inventory, impacting sales and customer satisfaction.
- Siloes data across different departments hindered collaborative planning and decision-making.
- Limited visibility into real-time sales and market trends delayed responsiveness to changing consumer behaviors.
- Inefficient manual processes for demand planning resulted in errors and delays.
- Existing systems struggled to handle large volumes of data, affecting the ability to derive actionable insights.
Technology Stack
O9 Solutions
Azure Databricks
Azure Data Lake
Power BI
Azure Machine Learning