If you need a platform that uses machine learning to spot opportunities to boost profit margins in retail and CPG companies, Profitect is a good option. Profitect is a prescriptive analytics platform that automatically analyzes big data sets to offer recommendations in near-real-time. It includes modules for inventory optimization, sales and exception-based reporting, and a logistics module. The company says it's helped companies achieve double-digit improvements in sales, margin and labor efficiency.
Another good option is RELEX, a unified supply chain and retail planning platform that uses advanced AI and machine learning to improve forecasting and inventory management. RELEX helps companies make data-driven, autonomous and adaptive decisions across the retail and manufacturing operations. It's helped customers like Lowe's and Rossmann improve inventory management and supply chain optimization.
Antuit is another option for AI-powered demand forecasting and omnichannel inventory optimization. The platform uses advanced AI to forecast demand and execute inventory decisions across multiple channels. Its solutions include direct-store-delivery predictive ordering and intelligent order promising, which can greatly improve inventory efficiency and reduce stockouts.
If you're looking for a more specialized solution for competitor intelligence, Particl offers an automated system that offers real-time data to benchmark products, find opportunities and understand market share. It cuts through e-commerce complexity with real-time sales data, competitor tracking and customizable reports, helping retailers see the whole market and launch products accordingly.