
Ikigai Labs announces the launch of its new Demand Forecasting and Planning solution. Built to address the growing complexity of modern supply chains, this advanced AI-powered offering equips organizations with the ability to predict demand with unprecedented accuracy—even for new or unpredictable products. By leveraging Ikigai’s patented Large Graphical Model (LGM) technology, the solution delivers actionable insights that help businesses reduce inventory costs, prevent stockouts and respond dynamically to market changes.
“Traditional forecasting tools often fail to account for uncertainty or handle novel scenarios,” says Devavrat Shah, CEO and co-founder of Ikigai Labs. “Our demand forecasting and planning solution changes the game. Our AI is designed specifically for structured and time-series data enabling businesses to move beyond rigid forecasts and instead simulate and plan for a range of real-world outcomes. Whether launching a new product or navigating demand volatility, Ikigai empowers companies to make smarter, faster decisions.”
Key Takeaways:
- Ikigai’s Demand Forecasting and Planning solution enables businesses to:
- Predict demand with confidence, even for new products or scenarios with no historical data.
- Align forecasts across complex product hierarchies (e.g., regions, channels, SKUs) for end-to-end accuracy.
- Simulate demand variability with dynamic "what-if" scenarios tailored to real-world factors, both internal and external, like pricing, promotions, and seasonality.