AI Powered Sales Forecasting System
AI Powered Sales Forecasting System
Gaurav Sharma
2025 · DOI: 10.22214/ijraset.2025.75966
International Journal for Research in Applied Science and Engineering Technology · 0 Citations
TLDR
An AI-powered sales forecasting and inventory management system tailored for small- and medium-sized enterprises (SMEs) that delivers real-time demand predictions and inventory optimization and enhances operational efficiency and profitability in dynamic retail environments.
Abstract
This paper presents an AI-powered sales forecasting and inventory management system tailored for small- and
medium-sized enterprises (SMEs). By integrating historical sales data, external indicators, and advanced machine learningmodels such as Long Short- Term Memory (LSTM) and Gradient Boosting, the system delivers real-time demand predictionsand inventory optimization. Experimental results demonstrate a forecasting accuracy improvement of up to 18% compared totraditional methods, with Mean Absolute Percentage Error (MAPE) consistently below 7%. The cloud-based dashboard enablesautomated decision-making, reducing stock outs and overstocking. The proposed solution enhances operational efficiency andprofitability in dynamic retail environments.