Question: How can I use AI to make data-driven decisions in my inventory management process and improve overall efficiency?

To boost your inventory management with AI, Antuit has a large-scale platform that combines sophisticated AI to forecast demand and optimize inventory across multiple sales channels. It includes AI-based demand forecasting, omnichannel inventory optimization and a scalable architecture, and is geared for retail and consumer products companies. Antuit has been shown to improve inventory performance and reduce stock-outs, so it's a good option for companies that want to make more data-driven decisions.

RELEX is another large-scale platform that uses machine learning to help retailers and consumer goods companies automate and adapt their operations. It has a broad range of features, including inventory management, production planning and supply chain planning, with real-time visibility and collaboration across the enterprise. RELEX customers like Lowe's and Rossmann have reported success with its ability to improve inventory management and supply chain optimization.

If you're looking for a system that's geared more toward profitability, Profitect offers prescriptive analytics to help retailers and CPG companies optimize operations. It includes features like inventory optimization, sales and exception-based reporting and a logistics module. Profitect spans multiple departments to provide insights that can help retailers increase profit margins and improve operations, with some customers reporting double-digit improvements in those areas.

For a more general-purpose AI platform, C3 AI has more than 40 pre-built enterprise AI applications that can be used to address a range of business needs, including supply chain optimization and inventory management. The platform is designed for low-code and no-code development so a broader range of people can use it, and it uses industry-standard tools for data science. C3 AI is designed to speed up digital transformation and deliver measurable improvements in efficiency and accuracy.