Technology enhances customer experience across retail fulfillment channels and improves inventory performance
Antuit.ai, a leader in AI-powered SaaS solutions, announced the general release of its Forecasting, Allocation and Replenishment suite to the retail market. This omnichannel-aware suite employs leading-edge AI and machine learning to anticipate consumer demand at the most granular levels across all fulfillment channels by leveraging internal and external data to evaluate all demand drivers.
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“Omnichannel-aware is all about positioning inventory intelligently, within your DC and store network, to be closest to the customer to enable fulfilling demand in-store, curbside or delivered to home in the most profitable way while meeting and exceeding service level expectations,” said Yogesh Kulkarni, Co-CEO of antuit.ai. “Our new suite, which includes AI Demand Forecasting, optimized Allocation of initial inventory and in-season Replenishment, streamlines the management of business rules across all three offerings to ensure that a company’s strategy is carried out at each stage of a product’s lifecycle. More importantly, it connects the decisioning across all of the inventory optimization tools by leveraging a hyper-localized, unified demand signal that takes into account consumer demand, sales, events, pricing, promotions and returns.”
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The Forecasting, Allocation and Replenishment solution suite works particularly well in the apparel/footwear/softlines segments of retail, where market factors have made it critical to automate more decision-making and let humans focus on the exceptions and strategic aspects of the business.
“Humans have traditionally not trusted analytics due to concerns for new product innovation and demand shifts. However, with our granular forecasts and ability to identify priorities and exceptions, we provide performance reporting so users can focus on managing their whole business rather than managing each decision line by line,” said Kaushik Katari, Chief Products Officer for antuit.ai.