Supply Chain Efficiency through Intelligence
If you are a retailer or a trader and your customers are getting what they want, when they want and at the best price then you have all the reasons to be successful and profitable.
In a situation like this, likely, your business is not just meeting the category standards of DoH (Days of Holding) in each category on your shelves but also delivering a high-quality customer experience. In modern times when the omnichannel model of doing business is becoming the core of every distribution and retail trade. The intelligent supply chain is the key to delivering the highest quality customer experience and managing optimum margins in your business. This document is an attempt to cover the nuances around the intelligent supply chain and to also highlight some emerging aspects to empower your supply chain with the required intelligence.
It is in this backdrop Nihilent developed RESENSETM leveraging years of industry expertise and its deep retail industry domain knowledge. RESENSETM – a Cloud-hosted Software as a Service (SaaS) offering.
The platform works on deep learning principles of determining demand forecasts at SKU and store level to manage DoH, Fill Rates and inventory cycles across the categories and businesses. It also helps with price optimization recommendations and models to support supply chain efficiencies.
It uses multiple forecasting algorithms, including univariate and multivariate time series forecasting models, Machine Learning (ML). Banking on an AI-driven approach, the solution is extremely relevant for the retail and consumer brands to optimize their supply chain through
balanced inventory load across the enterprise.
How RESENSETM can redefine your supply chain? Download Free Whitepaper.