The software that works best for retailers and consumer goods companies will differ depending on their business goals. However, there are several features that remain a “must” for any company serious about creating accurate demand forecasts, including: AI-driven machine learning algorithms that can process large amounts of data and automate complex calculations. Transparency into forecasts, allowing planners to understand and trust automated forecasts Scalability and processing power to handle large data sets and provide fast calculations The flexibility to create forecasts at different levels of granularity and support various planning processes and business decisions Integration with other supply chain planning tools and systems, enabling end-to-end visibility and collaboration The ability to incorporate both internal and external data sources, such as promotions, weather, local events, and competitor pricing, to improve forecast accuracy