The competitive retail landscape demands stores to maximize return from all possible avenues. This urge is further exacerbated by customer price-sensitivity and low customer loyalty. ABC retail too struggles with this problem and is exploring ways to improve its bottom-line. We, as a consultant, have come up with a proposal that would help ABC reduce cost without significant impact on revenue, thus improving the store’s profitability. As part of this proposal ABC is required to consolidate suppliers and enter long term contract with major players in order to exploit better deal.

Problem Description - Representing the hypermarket, the objective of our forecasting is to reduce the spoilage of vegetables in the hypermarket by accurately forecasting sales on a daily basis. By using historical data of the last year we plan to forecast daily demand for two SKU's 'Exotic Vegetables' and 'Beans' under the vegetable sub-class.