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
Dr. Martin Schüle, Dr. Stefan Glüge, Dr. Sandro Graf, Marc Blume, Hannes Schüle, Oliver Christ, Marco Schmid, Erich Zbinden
Project partners
INFORM; Bischofszell Nahrungsmittel AG; Denner AG; Genossenschaft Migros Zürich; Prognosix AG
Project status
completed, 06/2014 - 03/2017
Institute/Centre
Institute of Computational Life Sciences (ICLS); School of Life Sciences and Facility Management; Institute of Marketing Management (IMM); Institute of Business Information Technology (IWI)
Funding partner
CTI
School of Life Sciences and Facility Management
Schloss
8820 Wädenswil