Small and mid-sized businesses experience the impact of inventory mistakes rapidly, with late reorders and optimistic purchase orders leading to cash flow issues. Modern AI demand forecasting is now accessible to these businesses, enabling smarter stock planning and cost reduction. Inventory errors, including out-of-stocks and overstocks, contribute to significant financial losses, with a combined cost reaching hundreds of billions. Holding inventory incurs costs that can be substantial. Improved forecasts can mitigate missed sales and excess inventory, benefiting businesses financially.
Inventory mistakes are expensive, leading to significant losses, with out-of-stocks and overstocks costing hundreds of billions in the U.S. and Canada in 2022.
Modern AI forecasting has become a practical upgrade for small and mid-sized businesses, allowing them to smartly plan stock and reduce avoidable costs.
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