Case study · E-commerce

How a Consumer Brand Built Demand Forecasting with a Dedicated Data Scientist

Stockouts and overstock were costing the brand money. A data scientist brought forecasting discipline.

How a Consumer Brand Built Demand Forecasting with a Dedicated Data Scientist

Illustrative engagement scenario — names and details are representative of typical client situations.

Client
Consumer products brand
Industry
E-commerce
Location
Canada
Roles hired
1 data scientist
Engagement
Full-time, ongoing
Onetrusted sales dashboard
SKU-leveldemand forecasts
Monthlyforecast accuracy reviews

The challenge

Inventory decisions relied on spreadsheets and intuition, causing stockouts on bestsellers and overstock on slow items.

The solution

A dedicated data scientist unified sales data, built a trusted dashboard and created SKU-level demand forecasts with seasonality, reviewed monthly with the operations team.

Phases

  1. Data clean-up and single source of truth.
  2. Dashboard for sales and inventory.
  3. Forecast models and scenario planning.

Lessons

Trusted data had to come before forecasting.

See data scientists.

DirectAppoint Editorial

The DirectAppoint editorial team writes practical guides on hiring, managing and scaling dedicated remote teams.

Key takeaways

Key takeaways

In this illustrative scenario, a consumer products brand hired a dedicated data scientist who unified sales data, built a trusted dashboard and created SKU-level demand forecasts with monthly accuracy reviews to improve inventory planning.

Topic
data scientist forecasting case study
Author
DirectAppoint Editorial

DirectAppoint · info@directappoint.com

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