Order Right: Intelligent Replenishment Optimization for Retail
kiadó: ALGONOMY SOFTWARE PVT LTD
Generate accurate SKU-level replenishment plans with hand-crafted AI/ML based algorithms
For a large part of the retail era, demand planning based on historical data and human expertise has been the standard. However, as channel, store and category complexities increased, the traditional planning frameworks and inventory management systems failed simply because there were too many moving parts and complexities for any individual to make sense of. As a result, most retailers today face elevated levels of out of stock, margin erosion and wastage as compared to just a few years ago.
Order Right builds a layer of super-human intelligence on top of your existing planning tool and optimizes your replenishment by making smart ordering suggestions.
It uses hand-crafted ML based algorithms curated specifically for retail to accurately predict demand at store, channel and category level, and optimize orders to achieve category objectives and reduce supply chain costs. The outcome: accurate and effective order plans every time in just a few clicks.