Demand Forecasting Tools and Their Implications: Insights from Aswin Kumar

In an engaging episode of the Analytics Insight Podcast, host Priya Dialani converses with Aswin Kumar, Senior Director of Technology at Lowe's India, to explore the importance of demand forecasting tools and their implications for the retail sector. Aswin shares his insights on how these tools are reshaping supply chain management and enhancing customer satisfaction.

The discussion delves into the various technologies used by Lowe's to predict customer demand accurately. Aswin talks about LIFT – Lowe’s homegrown internal forecasting tool built to support its complex supply chain and inventory management, improve demand planning efficiency and enhance forecast accuracy. He also highlights the significance of using data analytics, machine learning, and AI to analyse purchasing patterns and forecast future trends.