Vizen Analytics Releases New Demand Forecasting for Food Distributors
Vizen Analytics introduced an advanced demand forecasting platform for food distributors, which promises to significantly reduce the level of overstocking and waste in food supply chain.
Vizen’s proprietary Empowered-AI™ software can improve forecasting accuracy at minimum 10%, adding more than 2% to food distributors’ bottom line in reduced inventory holding cost and less waste.
According to CEO Greg Foster, cloud-based Empowered-AI™ software can be implemented rapidly, even in large organizations.
“Consumers have changed their food preferences and how they eat, making their old forecasting models obsolete,” Foster says. “It’s critical for food distributors to understand how much this is changed in their regional service areas.
Our forecasting models can do that quickly and cost-effectively.”
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