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The aifora retail automation platform enables retailers to optimize their pricing and inventory and automate the underlying processes using AI, thus driving revenues and profits.
About
The aifora retail automation platform enables retailers to optimize their pricing and inventory and automate the underlying processes. Using data from the retailers’ ERP systems (sales data, inventory data, etc.) as well as external data (weather data, market data, etc.), our machine learning algorithms forecast future consumer demand. Based on the forecast demand, pricing and inventory management can be optimized in real-time across all sales channels, thus driving revenues and profits.
Key Benefits
Through more accurate forecasts of demand and optimized price and stock management processes, we promise retailers a 3-6% increase in revenues, 2-8% increase in profits and 5-25% reduction in inventories.
Applications
The aifora retail automation platform and corresponding cloud servies can be used by retailers of all sizes from all retail segments and across all sales channels.