60% & 40%
Retailers using AI for inventory management have reported reduction in overstock and increase in inventory turnover respectively.
AI-based demand sensing can improve forecast accuracy , reducing excess inventory.
AI-driven pricing optimization can increase profits on average in the retail sector
AI is expected to save retailers annually by 2023
By Juniper Research report
Retailers implementing personalization strategies through AI see a sales lift
Key issues Across the retail Value Chain across function:
transforming marketing by leveraging customer data to create personalized campaigns, optimizing ad targeting and content delivery to cater to individual preferences.
streamlining finance operations by reducing tedious tasks, resulting in improved efficiency, reduced risks and ultimately contributing to improved profitability and financial stability.
- Fraud Detection
- Risk management
- Cost control
- Cash flow management
- Revenue Management
- Predictive Analytics for budget
Real-time visibility, proactive risk management, and the ability to adapt to dynamic changes, enabling efficient supply chain management and ensuring your products reach the right place at the right time.
- Inventory management
- Supply chain monitoring
- Logistics and distribution channels management
- Supplier performance analysis
- Demand forecasting
“Retailers implementing personalization strategies through AI see a sales lift of 70-80%. (BCG)”
“57% of shoppers are willing to share personal data in exchange for personalized offers or discounts. (Salesforce)”
- Workforce management
- Time taking process
- Customer communication
- Warehouse and store operations
- Theft and fraud management
- Employee training