Optimizing Food Demand Forecasting in the Supply Chain for Shelf- Life Management

Abstract

Accurate food demand forecasting plays a critical role in optimizing supply chain operations, reducing waste, and ensuring effective shelf-life management of perishable goods. Its applications span from retail inventory management to large-scale food distribution, enabling businesses to maintain an optimal stock of products such as bread, butter, and other perishables. By anticipating demand fluctuations, organizations can better align production schedules, reduce overstocking and understocking issues, and minimize financial losses. Effective forecasting also supports sustainability by reducing food waste and enhancing consumer satisfaction through improved product availability.