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With our AI-based optimisation platform, we introduce three powerful innovations in the field of supply chain: using state-of-the-art algorithms to provide sales forecasting based on both historical and 3rd party data, utilising optimisation techniques in order to optimise orders using constraints, and improving decision-making with interpretability.
You have inventory. We have a great solution. Here's how our solution solves the challenges of inventory management successfully.
Want to take your inventory management and sales forecasting to new levels, but don't know how? Explore all the great possibilities of our AI-based platform.
Our platform can predict demand with high confidence for up to 97% of the total items, taking off the burden from a purchasing department by using historical and 3rd party data.
Stockout or overstock risk is nullified by the daily stock monitor, one of the platform key components, which proactively tracks demand on every item, triggers and replans orders accordingly.
By using the platform's forecasting model and ordering suggestions, companies will succeed in lowering stock by up to 65% on selected items, while managing to avoid stockouts on A-level items.
By constantly improving safety stock and keeping the monitor of market demand, our AI-based platform can help you avoid stock-out situations almost completely, lowering them by up to 90%.
In one to three months of productions, you'll be able to completely change the structure of your inventory, so that slow-moving items don't pile up anymore and your inventory is filled up with mid-to-high rotation items, which will help you improve inventory turnover for up to 2 times.
Keeping products available makes your customers satisfied. By using our platform, you will be able to make your orders on a periodic basis, which will help your warehouse team to operate easily, as well as to avoid stockout jams which can lead to additional costs.
Running a business means finding the most effective ways to source your supplies and services for the maximum revenue. With our platform you will get a clear insight into fast-moving items, and how to improve turnover ratio, which will help you negotiate terms and conditions with your vendors better.
Today's customers are more demanding than ever before. They want to pay less, get more and do it faster. The learning part of our platform can help you spot promotional efficiency and plan future promotional activities accordingly.
Getting an intern or a new person on bord can take a lot of time when information is scattered all over the organisation. With our platform the key knowledge on processes and constraints is available to everyone who are a part of the ordering process.
Detailed planning and coordination of every aspect of your store or warehouse rollout ensure successful execution, ultimately contributing to your customer experience and overall business success. By using our platform, you will be able to roll out your retail stores and warehouses in a simple and quick way.
Not sure what you need? Contact us and we will be more than glad to help you.
Here’s how one of the leading distribution companies introduced AI into their supply chain and managed to avoid stockouts by using AI support.
Watch our video where we explain the whole process of your journey.
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Basic components in forecasting demand are historical data on market demand (retail sell-out data if possible), external 3rd party data, context, specifics, and various constraints which have significant impact on forecasting, such as promotion periods, price change, outliers, anomalies, availability, bonus schemes, etc. The results of a demand forecast are then used either to estimate the needed raw materials, or other manufacturing items in production companies, or just to define ordering goods for a vendor in trading companies.
There are many steps in a supply chain which can be optimised by using technology. Our solution focuses on helping companies order optimal quantities, which has an impact on multiple points in a supply chain, such as lower inventory stock, lower transportation stock, regular ordering frequencies, and better predictability, avoiding warehouse jams, etc.
Most of our customers experience benefits in a few business categories: financial benefits in terms of freed-up cash flow which can be invested into growth, labour benefits in terms of up to 50% less time spent on repetitive activities, which allows purchase departments to focus on complex purchases like new items placement, etc., as well as operational benefits in terms of lowering overstock levels while, at the same time, avoiding stock-out situations both in a warehouse and retail stores, or in raw materials acquisition.
On top of the benefits previously described, many other users within a company benefit from introducing AI based inventory optimisation. Marketing teams will have better insight into promotional efficiency, warehouse managers will be able to avoid warehouse jams due to predictive ordering periods, and your new employees or interns will gain knowledge organized in one place instead of it being scattered around the organization.
It is a service which estimates a demand for an individual item in your inventory, and generates an optimal order recommendation. It takes into account many constraints, specifics and context of an item, as well as the vendor.
Prior to entering a full project, we offer various piloting options ranging from a tailor-made presentation for your company to a detailed benefit analysis simulated on a digital twin using actual historical data and events. These POC activities also include workshops with key users for the purposes of discussing and validating the order recommendations generated by our algorithm.
As the first step of this journey, we offer analysis of your sales and stock data, and dedicated presentation of the results of our platform, including a tailor-made report for your company. Detailed steps and guidelines are listed here.
Dedicated workshops, called hypercare workshops, are an integral part of our projects where we sit together with end users and go through all the specifics that their vendors or SKU’s might have, and also help them to interpret the proposal coming out of the algorithms, as well as put them in the context of historical data and various constraints.
There are many business rules and constraints, dependant on the industry, that are a standard part of our solution like minimum order quantity or amount, seasonal sales, promotional sales (including various promotion types), cargo and logistics information, substitutes definition, leading items per category (prioritisation), etc.
Our solution can be deployed on-prem or in any private or public cloud environment, as well as API integrated with ERP.
