Violet assisted Preem in developing and implementing AI-driven forecasting to predict product demand. The AI solution considers patterns in months, weekends, and weekdays, as well as depot and product trends, among other factors.
PROJECT DESCRIPTION
Preem is Sweden's largest fuel company, operating depots with biofuels, diesel, heating oils, and a wide range of other products spread across the country.
The business is characterized by significant capital investment and costly and complex logistics, as Preem manages the majority of the value chain.
The AI solution enables forecasts to incorporate a wide range of factors, making the predictions more accurate while streamlining the forecasting work of depot planners.
Improved forecasts allow for meeting customer demand efficiently while optimizing capital investment and logistics, resulting in increased profitability, satisfied customers, and reduced environmental impact.
“We are impressed! You have certainly met our expectations in both technical and business terms.”
- Daniel Karlsson, CIO, Preem
