What does AI look like in retail and wholesale?

Here are three examples of how AI is represented in the retail and wholesale climate.

 

Merchandising

Ability to better understand the depth and breadth of your assortment. For example, what item to carry, and how many different options (flavors, colors, styles).

 

Instead of relying on gut feeling, businesses can better understand what to promote, how to promote, and when to promote down to the customer level.

 

Inventory Management

Have confidence in knowing how much inventory to send to every store, and how much to hold back

 

Better at predicting how much you are going to sell, how to minimize your inventory, and maximize your service level.

 

Order fulfillment optimization

Optimize when to ship from a store, how many shipments to send/where, etc.

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