Success Story #1
Price Forecasting for Strategic Procurement
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Supply chain & Manufacturing

Business Problem

A global FMCG organization relied on traditionalforecasting methods for commodity futures, resulting in limited visibilitybeyond short-term horizons. Forecast inaccuracies across soft commodities,energy, and metals led to suboptimal purchasing timing, inefficient inventorypositioning and increased exposure to market volatility.

Actions Taken

·      Developed and operationalized custommultivariate AI forecasting models, including LSTM neural networks.

·      Incorporated demand–supply signals,macroeconomic indicators, financial market data, and commodity-specificdrivers.

·      Applied ensemble modelling and advancedfeature engineering to capture non-linear interactions.

·      Validated models through back-testing andcontinuous performance monitoring.

Outcomes Achieved

·      Achieved best-in-class forecasting accuracyover a 1-to-12-month horizon.

·      Enabled more disciplined and timelypurchasing strategies.

·      Optimized inventory levels and orderfrequency across commodities.

·      Generated Millionplus Dollars in monetized benefits through improved price visibility anddecision-making.

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