MUMBAI, India, Oct. 26 -- Intellectual Property India has published a patent application (202621106439 A) filed by Dileep Kumar Rai; and Bhubalan Mani on September 03, 2026, for System And Method For Forecasting Demand Associated With A New Product Introduction.
Inventors include Dileep Kumar Rai; and Bhubalan Mani.
The application for the patent was published on October 23, 2026, under issue no. 43/2026.
Abstract: ABSTRACT SYSTEM AND METHOD FOR FORECASTING DEMAND ASSOCIATED WITH A NEW PRODUCT INTRODUCTION A system (100) and method (200) for forecasting demand associated with a new product introduction (NPI) are disclosed. The system (100) includes a user device (102) configured to receive input data associated with a new product and a server (104) communicatively coupled to the user device (102). The server (104) includes processing circuitry (124) and a storage unit (122) storing instructions executable by the processing circuitry (124). The processing circuitry (124) is configured to receive input data and historical data associated with a plurality of existing products, identify one or more analog products based on similarity characteristics, generate an initial demand forecast using data derived from the identified analog products, process the data through a plurality of forecasting models to generate model forecasts, combine the model forecasts and the initial demand forecast to generate a consolidated demand forecast, and iteratively update the consolidated demand forecast based on actual post-launch sales data. The consolidated demand forecast may further be used for production, replenishment, or inventory allocation planning. Figure 1 will be the reference
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