ISSN (Online) : 2456 - 0774

Email : ijasret@gmail.com

ISSN (Online) 2456 - 0774

Retail Inventory Demand Forecasting using Machine Learning 

Abstract

Retail inventory management is a critical aspect of any retail business, directly impacting profitability, customer satisfaction,and operational efficiency. Traditional methods of demand forecasting, often based on historical sales data and intuition, lack the accuracyneeded to optimize inventory levels, leading to either stock outs or overstocking. This project explores the application of machine learningtechniques to forecast retail inventory demand more accurately. By leveraging historical sales data, market trends, seasonal patterns, andexternal factors like promotions and holidays, the machine learning model can predict future inventory requirements. Algorithms such asmachine learning are evaluated for their performance in predicting demand. The results demonstrate that machine learning modelssignificantly improve demand forecasting accuracy compared to traditional methods, enabling retailersto maintain optimal inventory levels,reduce costs, and improve customer satisfaction.Keywords: C NLP, machine learning, Kaggle

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IMPORTANT DATES

Submit paper at ijasret@gmail.com

Paper Submission Open For June 2025
UGC indexed in (Old UGC) 2017
Last date for paper submission 30 June 2025
Deadline Submit Paper any time
Publication of Paper Within 15-30 Days after completing all the formalities
Publication Fees  Rs.5000 (UG student)
Publication Fees  Rs.6000 (PG student)