Container Tracking and Demand Forecasting for Bosch Tools Supply Chain Operations

Learn about demand forecasting in supply chain operations through a conference talk from BOSCH Power Tools experts at Data Science Conference Europe 2022. Explore how accurate demand forecasting models directly impact production output and inventory costs, with real-world applications for predicting demand across millions of time series for diverse products in global markets. Discover the development and implementation of a neural forecasting model deployed on AWS cloud that combines statistical modeling with business domain knowledge to achieve improved forecast accuracy and reduced bias. Gain insights into how BOSCH tackles the challenge of forecasting product demand 12-24 months into the future while managing a complex global supply chain in times of uncertainty.