Artificial Intelligence (AI) Based Restaurant Inventory Forecasting System
Restaurants are known to have high inventory and forecasting challenges. When your business uses perishable inventory, it is even more critical. HM Tech Solution has created a restaurant inventory forecasting system using artificial intelligence.
One of HM tech solutions customers was over-ordering perishable inventory for their restaurant and up to 25% of the inventory was wasted due to inaccurate forecasting and ordering.
HM tech solution has created an adaptable AI-based ordering forecasting system that has improved inventory forecasting by 80%. A system was generated using Time series-based forecasting algorithm which was implemented in a combination with R and Microsoft PowerBI.