Refuel’s Post

𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐃𝐞𝐦𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐢𝐧𝐠 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 75% of supply chain operations still rely on spreadsheets or old IT solutions. The COVID pandemic exposed the inadequacies of legacy forecasting systems. Poor forecasting leads to dead or obsolete inventory, costing sellers up to 11% of their revenue, with $50 billion worth of stale inventory in the US retail industry alone. With AI, inventory decisions can now be optimized in real time across all product variations: https://syrup.tech/ : AI-powered planning and allocation recommendations for fashion/apparel. https://www.prediko.io/ : Inventory OS for eCom brands - plan, order, finance your inventory! https://alloy.ai/ : Actionable inventory and demand insights for consumer brands — helping them sell more, save time and solve supply chain problems. Customers routinely achieve a 35%+ reduction in out-of-stocks, a 5%+ bottom line impact, and millions of dollars in incremental orders with their retail partners. https://throughput.world/ : Grow your bottom line with supply chain data orchestration There's a clear need for next-generation demand forecasting solutions. Source: https://lnkd.in/g3JH6htv #AI #GENAI #ML #LLM #MLLM #supplychain #supplychainai #inventory #inventorymanagement #data #analytics

Since Peak launched our flagship Dynamic Inventory AI application in 2022, global supply chain volatility has made careful management of inventory levels as important as ever. 👷♀️ 💥 Thanks to its ability to combine SKU and location-level demand forecasting with our innovative approach to setting safety stock levels, businesses such as Speedy Services have used Dynamic Inventory to reduce their overall stock holdings whilst maintaining availability levels to meet the needs of their business. To learn more, head to our Dynamic Inventory app page below to arrange a demo. #artificialintelligence #dynamicinventory

Imagine never losing a sale due to an out-of-stock item again. Dragonfruit AI's technology sends instant alerts when inventory is low, keeping your shelves stocked and your sales high. Discover how our real-time messaging can transform your customer experience. 📹👇 https://buff.ly/4eM2i0l . . . . . #InventoryManagement #RetailTechnology #CustomerExperience #AIinRetail #SupplyChainInnovation #TechInRetail #DigitalTransformation #DragonfruitAI #RetailSolutions #AI

How to price your loads for better margins without worrying about win rates and volumes? 🚚 🚆 ⚓ Don’t treat all routes the same way! Today, demand is down on 59% of the lanes in Europe and up on 41% If you are expecting different results. Review the state of your: → Lanes → End Markets  → Customers → Market insights → Demand developments per route → Supply chain data → Pricing strategy Then audit, measure and adjust your pricing Easy? No if done manually – but AI & ML can help you get there  Doable? Yes – we've got proof for up to 6% additional & measurable net margins! Time to do it? Now It’s a hybrid pricing model: Human capabilities + demand driven data & AI =============================================== EU Carriers and Forwarders: reach out for an intro on Intelligent freight pricing / rate optimization or simply for a conversation on best practices in #freightpricing & #margins

"The immense increases in speed and online product variety are adding challenges that the logistics industry has to solve" - Dr. Matthias Winkenbach Matthias Winkenbach, MIT CTL's Director of Research and the MIT Megacity Logistics and MIT CAVE Labs, sat down to do an interview with Mecalux to discuss his recent work "to analyze the AI trends set to have a significant impact on the future of e-commerce". 📖 Click here to read the full interview ➡ https://lnkd.in/dYHur8NB 🎞 OR click here to watch ➡ https://lnkd.in/eS8SUDdQ #supplychain #supplychainmanagement #ecommerce #MegacityLogistics #MITResearch #LogisticsChallenges #EcommerceInnovation #SupplyChainTrends #LogisticsTechnology Massachusetts Institute of Technology

In the fast-paced world of retail, finding the right balance in inventory management is no small feat. Balancing inventory levels to meet demand without overstocking is a constant challenge faced by retailers worldwide. But what if we told you there's a solution that goes beyond the limits of traditional methods? Introducing Deep Learning for retail inventory management. We're not predicting the future; we're shaping it. Our cutting-edge technology doesn't just forecast demand; it optimizes inventory levels in real-time. Say goodbye to stockouts and excess inventory. With our Deep Learning solution, you're always one step ahead. Embrace the future of retail with Deep Learning. Revolutionize your inventory management and elevate your customer experience. Let us help you transform your retail business with the business of deep learning! Contact us today: 💌 Info@solutyics.com 📞 +923316453646 www.solutyics.com #Solutyics #deeplearning #dataanalytics #letsconnect #Follow #Share

Demand forecasting is “table stakes” today in the functioning of a retailer or brand, with the operation of several functions depending on the output from the demand forecast. The sheer amount of data and complexity of creating a demand #forecast play to the strengths of #AI and ML, and #generativeAI promises to extend the capabilities and power of demand even further. Brands and #retailers can select from a wide spectrum of focused or broad-based, large or small providers to find the tools that best suit their needs. We dive into the landscape of #demandforecasting: https://lnkd.in/eeNAibdq

#Mojix launches maiven, built on #GoogleCloud AI for retail inventory management. #googlecloudpartners #vertexai #arizona #scottsdaleaz #phoenixaz #glendaleaz #peoriaaz #cavecreek #anthem #arizonabusiness #smallbusinessmarketing #googleads #googlemaps #smallbusinessmarketingtips #googleadsexpert #google

🛍️ Retail Reimagined: Machine Learning Innovations to Watch in 2024 Dive into Tryolabs' comprehensive guide on the latest machine learning innovations in the retail sector. This insightful article explores how machine learning is reshaping retail operations and revolutionizing the customer shopping experience. 👉 Discover the cutting-edge applications of ML in retail, from personalized shopping experiences to efficient inventory management, and understand how these advancements are setting new benchmarks for the industry: https://lnkd.in/ex33b6Vn #RetailInnovation #retail #MachineLearning #TechTrends #Tech

One of the most important parts of any organization that relies on products is demand forecasting. Precise projections result in increased productivity, improved inventory control, and avoided cost overruns. AI-based models have played a significant role in increasing this function’s transparency and accuracy. https://lnkd.in/ghKhFyJn #ArtificialIntelligence #Blackboxmodels #GlassBoxModels #MachineLearning #POSdata