Fresh food forecasting

Improve on-shelf availability and reduce food wastage with DSLab's fresh food forecasting
With fresh food, retailers have always faced a trade-off: order too little, and you lose sales; order too much, and you get excess stock and food wastage.

DSLab machine learning technology allows grocers to predict demand for items with a shelf life of 1-7 days more accurately and thus increase on-shelf availability and reduce write-offs. Keep your perishables fresh with DSLab's daily demand forecasting for fresh food.

Always fresh, always in stock, with minimum spoilage

  • fresh food forecasting
    Focus on fresh
    Fresh food is extremely difficult to forecast and requires different forecasting approaches. Taking into account all characteristics of perishable goods, we've designed a solution that focuses exclusively on fresh food.
  • machine learning for demand forecasting
    Machine learning
    Bayesian methods of machine learning at the core of our solution deliver highly-accurate forecasts allowing you to increase on-shelf availability without keeping excess inventory.
  • daily demand forecasting
    Daily forecast
    We deliver daily forecasts for each perishable item on a store level.
  • business metrics
    Business metrics
    Instead of focusing on accuracy only, we optimize for business metrics such as write-offs and out-of-stocks.
  • interval estimations
    Interval estimations
    Instead of averages, we utilize interval estimations that reveal more information on future demand. It allows you to assess the potential influence of out-of-stocks and write-offs on your business and to make optimal allocation decisions.
  • data storage
    Fewer amount of data
    Our approach requires fewer - months rather than years - amount of data to train the predictive model. Forecast demand for new products and recently opened stores when few data is available.
  • automation of demand forecasting
    Automation
    Our solution allows you to eliminate highly intensive routine tasks, avoid human errors, and fully automate forecasting and replenishment processes.
  • easy integration
    Easy integration
    Our solution for fresh food is easily integrated with standard data sources such as Hadoop or SQL-based data storage, as well as replenishment systems.

Potential business effect

Get measurable business value
with DSLab's fresh food forecasting
10-20%
decrease in write-offs
5-15%
reduction of out-of-stocks

More about forecasting in retail

Here are some resources you may find helpful
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