Demand Forecasting for Wet Market

Strengthening the Foundation

Support procurement planning, production, inventory management, and product distribution to align with demand.
Reduce the occurrence of excess inventory and the loss of perishable products.
Reduce discrepancies from planning that relies on individual experience.
Increase speed in monitoring sales situations and market changes.
Support collaboration between sales, production, procurement, and logistics departments.
Help supply chain management have more systematic data-driven decision-making.

Ordering processes in wet markets that use telephone calls and manual data entry, leading to errors and high time consumption.
Sales and inventory planning that relies on the experience of individual sales staff.
Lack of data for forecasting demand in advance, resulting in product quantities being more or less than actual demand.
Coordination between sales, procurement, production, and transportation that is not linked throughout the supply chain.
Delays in tracking customer behavior and responding to market changes.

Forecast results are used as supportive data for planning; the responsible person remains the final decision-maker.
Data used must be verified for quality, completeness, and timeliness.
Model accuracy should be monitored and updated when market behavior changes.
Notifications to customers or sales staff must not cause discrimination or use data beyond the stated purpose.
Data access rights and security measures should be established appropriately.