Store associates taking inventory; people working in a distribution center; empty store shelves.
Today's retailers can leverage powerful interactive visualizations, machine learning algorithms and artificial intelligence (AI) to improve their supply chain management efforts. Early adopters with a proactive AI strategy have enjoyed profit margins greater than 5%, according to McKinsey.
In this white paper, forward-thinking retailers will learn how AI-powered retail planning can overcome four key supply chain challenges:
• Proactively anticipate potential stock-outs;
• Prevent cart abandonment with Automatic Replenishment;
• Dynamically allocate inventory to the right locations; and
• Maintain inventory levels to meet demand spikes