foodforecast

What foodforecast does

foodforecast uses self-developed artificial intelligence to provide precise demand forecasts for bakeries, gastronomy, and supermarkets. This helps businesses know exactly how much food to order or produce, reducing food waste, increasing sales, and optimizing processes. The solution aims to make the food industry more efficient and sustainable.

Products

• In-store autopilot (Production plan)Provides intra-day AI-powered forecasts to ensure optimal product availability throughout the day. It updates predictions multiple times daily, enabling store teams to produce and replenish with precision.
• Order optimizationDelivers daily, AI-based demand forecasts tailored to store needs. These forecasts drive optimal order quantities for warehouses, suppliers, or central hubs, ensuring full shelves with minimal waste, once a day.

Key capabilities

• Precise demand forecasts for ultra-fresh products
• AI-based sales forecasting
• Automated processes
• Optimized planning
• Data-driven decision-making
• Individual control of product pressure
• Assortment prioritization by contribution margin
• Takes into account seasonal fluctuations and holidays
• User-friendly interface and intuitive usability

Use cases

• Reducing food waste
• Increasing sales
• Boosting profit
• Optimizing ordering quantities
• Streamlining production planning
• Preventing early stockouts
• Improving inventory management
• Efficient resource utilization
• Reducing inventory costs
• Improving supply chain efficiency

AI approach

foodforecast uses its self-developed artificial intelligence to provide precise demand forecasts for ultra-fresh products in bakeries, gastronomy, and supermarkets. The AI considers various data points like sales data, weather data, vacations, and events to optimize ordering and production, aiming to reduce food waste and increase sales. The solution offers both daily AI-based demand forecasts for ordering and intra-day AI-powered forecasts for production planning.

Tech named: Künstliche Intelligenz, Demand Forecast, Absatzprognosen, Data Science, Machine Learning, Automatisierung, Lebensmittelprognose, AI-based Sales Forecasting, AI-powered forecasts

Industries served

• Food industry
• Supermarkets
• Bakeries
• Food-Service
• Gastronomy
• Chain restaurants

What it says sets it apart

• Self-developed artificial intelligence
• Immediate readiness for use due to historical data training
• Identifies trends and patterns that might have gone undetected before
• Guaranteed 10x Return on Invest
• Focus on ultra-fresh products
• Economic, ecological, and human-AI collaboration driven solution

Funding rounds we track

From the AI funding tracker — rounds as reported by the linked publications.