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Comprehensive Sales Forecasting for Supply Chain Optimization in Food Industry

Description

The main objective of the project was a significant improvement of sales forecasting algorithms with an application focus on food industry and retail, where food waste and stock-out situations are challenging for the planning process. The main product of the project is an intelligent planning software, whose algorithms can learn equally from data (historical data as well as external data sources such as weather forecasts) and human experience.
The software is distributed and further developed through the spin-off Prognosix.

Key Data

Projectlead

Project team

Marc Blume, Oliver Christ, Dr. Stefan Glüge, Dr. Sandro Graf, Marco Schmid, Hannes Schüle, Dr. Martin Schüle, Erich Zbinden

Project partners

INFORM; Bischofszell Nahrungsmittel AG; Denner AG; Genossenschaft Migros Zürich; Prognosix AG

Project status

completed, 06/2014 - 03/2017

Funding partner

CTI