Transforming Demand Forecasting with AI

Learn how to harness the power of Epicor IP&O to create data-backed inventory recommendations built on our platform’s expansive demand scenario algorithm. Hear from Shankar Suman, a customer from Procom Products with extensive experience using the system, and Greg Hartunian, Sales Director at Epicor, as they discuss the latest in demand forecasting technology, covering the following key topics:

• An overview of demand planning and the traditional methods used, such as manual guesswork, Excel sheets, and instinct-based forecasting approaches.
• Traditional forecasting falls short, leading to stockouts, high carrying costs, and lost revenue.
• How probabilistic forecasting differs from traditional methods by focusing on generating scenario probabilities to predict likely outcomes, reducing under or over-stocking.
• Ultimately, by leveraging probabilistic forecasting, Epicor IP&O uncovers data, optimizes inventory, conducts stress tests, and provides more precise insights than other platforms.

  
Speakers:

• Greg Hartunian, Sales Director at Epicor
• Shankar Suman, Product Strategist at Procon Products