Improved Accuracy Rate
Reduction in food wastage
Million Savings per month
Accurate sizing inventory orders for restaurants
The client is a US-based quick-service restaurant chain with over 2.2k stores and is amongst the top 5 US food chains.
The client had a legacy forecasting engine that was inaccurate and not flexible enough to account for external features like holidays and other marketing variables.
The client wanted a forecast algorithm for every store in the restaurant chain for dollar sales, transactions, menu items, and ingredients at daily and 15 mins level. The solution had to be completely automated on AWS.
Developed a fully automated and scalable deep learning-based forecasting engine to handle the large data and account for various business and marketing features.
The forecasting engine generated forecast for sales, number of transactions, products, and ingredients at daily and 15 mins level for 2.2k stores, 500 products, and 400 ingredients.
The solution further consists of an automated alert mechanism to send notifications on client communication channels based on custom conditions.