Artificial Intelligence-based sales forecasting for the retail industry

At 3Soft, we design and run dedicated AI platforms for the retail industry that allow collecting, processing and analysis of large data sets. By combining the services of Artificial Intelligence, Data Management and Business Automation, we extract business value from data.

WHAT DO WE OFFER?

Solutions

Sales Forecasting

Forecast sales individually for each store and each product based on Artificial Intelligence.

Daily sales forecasts (at a store/item level) based on sales receipts, supported by external attributes, such as marketing actions, weather, seasonality of products, holiday periods and special events, applied when required.
Sales forecasts for seasonal stores and freshly launched products with no sales history.

Demand Forecasting

Forecast demand at market or warehouse and product group level using Artificial Intelligence.

Using sophisticated AI algorithms to detect upcoming trends and generate demand forecasts (at a warehouse/product group level).

Allocation & Automatic Replenishment

Increase sales and reduce losses by optimal stock replenishment in stores (avoiding over-stocks and out-of-stocks).

Automatic recognition of a store’s uniqueness with respect to currently offered items, based on collected detailed sales data (at the level of receipts and receipt items) along with automatic replenishment.

Demand Management

Optimize your inventory in terms of availability of goods and allocated capital.

Automatic generation of replenishment commands based on demand forecasts to maintain optimal stock levels.

Continuous Anomaly Detection

Monitor your sales processes and solve problems in real time.

Constant monitoring of data and sales processes for anomalies (such as outliers and specific operational problems in stores) and generating alerts in real time, enabling immediate reactions in undesirable situations (e.g. lack of exposure of goods in the store).

Real-time Performance Reporting

Make decisions based on current data and KPIs.

Live reporting of current sales data and KPIs monitoring, refreshed every 10 minutes.

HOW DO WE WORK?

Business and technology workshops

 

We understand well the specifics of the retail industry and we know how individual the needs of each sector are. That is why we always start designing a dedicated platform by holding workshops with the client. During the workshops we analyze the situation, identify opportunities in the business sense and determine which available data and processes can be optimized by using Artificial Intelligence.
BOOK THE WORKSHOPS

HOW DO WE WORK?

Business and technology workshops

 

We understand well the specifics of the retail industry and we know how individual the needs of each sector are. That is why we always start designing a dedicated platform by holding workshops with the client. During the workshops we analyze the situation, identify opportunities in the business sense and determine which available data and processes can be optimized by using Artificial Intelligence.
BOOK THE WORKSHOPS

Platforms for retail

Data Lake

We build our platforms based on the Data Lake architecture, which enables secure and efficient processing of structured and unstructured data from various sources, such as: POS, warehouses, e-commerce or supply chain data.

 

Machine Learning

The use of advanced statistical methods and Machine Learning, taking into account a number of factors specific to the retail industry that affect sales (weather, temperature, special offers, seasonality) allows us to identify trends with high probability, predict demand for products offered, optimize replenishment and increase sales by just-in-time matching the offer to individual customer needs.

WHAT DO YOU GAIN?
Real benefits

5 – 7 %

increase in sales by
minimizing out-of-stocks

3 – 7 %

decrease in losses by
reducing over-stocks

30 – 50 %

reduction of average
shortages in stores

Individual approach to business specifics of the retail sector in the
following areas:

  • Seasonality of sales
  • Cannibalisation of product sales
  • Introduction of new products to the offer
  • Stocking of new stores.

Why?

Retail-First

Advanced analytics based on Artificial Intelligence, adapted to the specifics of the retail industry.

Artificial Intelligence

Using advanced Artificial Intelligence algorithms to predict the future and automate retail business processes.

Holistic Data Analysis

Cross-departmental approach to online and offline sales channels to exploit the synergy effect.

CONTACT US

Let's meet and talk about cooperation

We will reply within 24 hours

SZYBKI KONTAKT

Grzegorz Domagała
Management Board Advisor for Sales

T: +48 32 204 27 86

E: grzegorz.domagala@3soft.pl


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