AI-DRIVEN DEMAND PLANNING OPTIMISATION IN RETAIL
Improving efficiency and operational excellence
SELLING IS SCIENCE
The pressure on retailers has never been greater, as the empowered consumer increases their expectations of receiving goods in the right condition, at their preferred location, at their preferred time, and still maintaining operational efficiency and ROI. This makes data-driven transformation imperative in the low-margin hyper-competitive retail environment.
As retailers strive to adapt to what’s convenient for consumers, demand planning optimisation with accurate demand forecasts is required. The current retail environment evolves at a dizzying pace where data science and AI solutions are transforming the customer experience and how retailers operate.
Consumers are more informed and connected than ever before and expect retailers to recognize and adapt to their ever-evolving spending habits. And as competition increases, the pressure to optimize the supply chain is mounting as organizations need to deliver products at the desired time and place faster than ever before.
Obviously, as all this needs to be achieved, the requirement to decrease cost, increase operational efficiency and guarantee flawless customer experience persists. Sumo Analytics delivers next-generation AI-driven demand planning solutions for retailers for operational excellence and supply chain optimisation. We bring vital knowledge and expertise and apply advanced AI solutions to support retailers on their journey to data-driven transformation.
Demand planning optimisation is achieved through accuracy and automation. We specialise in forecasting and pioneer innovation and development in forecast technology, leading the field when it comes to demand forecast accuracy - the bedrock of supply chain optimisation.
-
Automated AI-powered Demand Forecasting
-
Predictive Procurement
-
Inventory Optimisation
-
Predictive Store Replenishment
-
Assortment Optimisation
-
Predictive Warehouse Replenishment
HOW WE HELP RETAILERS
Accurate AI-driven Demand Forecasting
Using historical data along with various external variables to customise multiple forecast models for the highest possible accuracy achievable.
Predictive Procurement Optimisation
Optimised procurement allowing organisations to accurately buy the exact right quantity, at the right time, delivered at the right location.
Inventory Optimisation
Our AI-powered technology allows you to significantly reduce the amount of cash tied up in inventory, and eliminating costly stockouts.
Return Forecasting
Using AI solutions to predict the likelihood of purchased products being returned, and forecast the return volume both in the short-term and the long-term.
Predictive Store Replenishment
An automated process where individual retail locations get the right quantity of products at the right time with the use of advanced predictive modelling.
Assortment Optimisation
An AI-driven technology that allows retailers to match each location’s product selection to different and ever-changing customer preferences.
On-Shelf Availability
Our Statistical Availability Monitoring actively detects lost sales and provides information to implement corrective actions.
Promotion Forecasting
Accurately forecasting the impact of different trade promotions on demand, allowing for better planning and streamlined sales.
Daily Footfall Forecasting
We accurately forecast store visitor traffic, both short-term and long-term, to support planning and staffing requirements for different store locations.
Predictive Warehouse Replenishment
Distribute inventory across different fulfilment centres with precision - optimised quantity at the right time - leading to reduced safety stock and fewer stockouts.
Online Product Recommendation
Identify the most effective products to offer each and every customer to impact purchasing decisions with increased sales and cross-selling.
Got something else in mind?
Contact us and see how we can help.
Our services to retailers can be delivered in multiple ways; APIs, direct system integration, web apps, or anything else.
We pioneer innovation and development in demand forecast technology and lead the field when it comes to forecast accuracy - the bedrock of demand planning optimisation
Learn more about our AI-powered forecast technologies here HERE