Signal More Retail reports forecast accuracy rising from 24% to 76% with AI

Summary

Capgemini cites the Indian retailer More Retail Limited as an example of feeding AI insights into operations. Working with the analytics firm Ganit, the company adopted Amazon Forecast for demand planning. Forecast accuracy rose from 24 percent to 76 percent. In-stock rates for fresh produce climbed from 80 percent to 90 percent, and fresh waste fell by up to 30 percent. Gross profit increased by 25 percent, showing how better forecasting can improve both availability and margins.