/ Step into a new world of demand forecasting machine learning
Step into a new world of demand forecasting machine learning
Replenishment accuracy is what we provide through demand forecasting machine learning and it is more critical than ever. The advent of machine learning has revolutionized this field, enabling businesses to predict consumer behavior with unprecedented accuracy. This technological advancement transforms the way retailers manage their inventory, ensuring they have the right products in the right quantities at the right time. By leveraging the power of machine learning, retailers can not only enhance their operational efficiency but also significantly improve their bottom line.
At the forefront of this transformation is WAIR.ai, a leader in demand forecasting machine learning. WAIR.ai’s innovative solutions, such as the AI Replenisher and the AI Redistributor, offer retailers sophisticated tools to optimize their inventory management processes. These cutting-edge technologies utilize advanced algorithms to analyze vast amounts of data, providing precise sales forecasts and enabling smarter inventory decisions. With WAIR.ai, retailers can move beyond traditional forecasting methods and step into a new world of efficiency and profitability.
WAIR is a company that leverages AI and deep learning technology to provide accurate SKU demand forecasts for the fashion industry. Our services range from forecasting-as-a-service, replenishment, channel reservation and stock redistribution to initial distribution.
What is WAIR’s roadmap?
Currently, we have a fully developed solution called the AI replenisher, which is ready to be implemented for replenishment purposes. Moving forward, our roadmap includes building solutions for “Initial distribution,” “Redistribution,” and “Channel Reservation/allocation.” These solutions aim to optimize sales margins and revenue by determining the ideal channel (store, webshop, or marketplace) for selling a specific SKU. Subsequently, we plan to develop solutions such as “Dynamic Pricing” and provide support for intelligence-driven production and procurement processes.
What does WAIR currently have available, and for who?
WAIR specializes in creating an advanced deep learning AI model, known as ForecastGPT-2.5, to improve the ROI of retail business, brands, and ecosystem partners in fashion. This model generates raw demand forecasts up to 6 weeks, on every aggregation level. Therefore, we currently offer 2 possibilities in using these forecasts: 1) forecasting-as-a-serice via our API and 2) the AI replenisher.
The AI replenisher: Forecasts generated by the model, are translated into stock level recommendations for the next 7 days, and automatically integrated into the client’s ERP. This ensures the right amount of stock is sent to the right location at the right time.
Written by Rianne Reitsma
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