How AI describes ForecastSmart

Impact Analytics' ForecastSmart is an AI-native demand planning software for retailers that generates precise demand forecasts to synchronize supply with real-time demand, reducing overstock and lost sales. It uses machine learning to incorporate shifting consumer preferences, market dynamics, seasonality, weather patterns, and local events to identify demand drivers and optimize inventory and profitability. The solution has demonstrated measurable impact, including 18-20% improvements in forecast accuracy, about 37% reduction in lost sales, and over 92% reduction in forecast creation and management time.