Oracle’s Post

In Supply Chain management, every 1% improvement is huge. It’s huge for efficiency. It’s huge for lost sales reduction. It’s huge for working capital reduction. It's huge for customer satisfaction So... it’s huge for your profit. We integrated machine learning and AI for a car importer, helping them to decrease their inventory levels, while keeping service levels in check, and their customers happy. Every 1% improvement is huge in terms of revenue and capital reduction. We reached much more than that! Read all about it here: https://info.micompany.nl/ #ai #supplychain

AI is increasingly deployed in the retail industry in 8 main areas, namely personalized marketing, customer service, inventory management, dynamic pricing or price optimization, loss prevention, fraud detection, computer vision assisted visual merchandising and supply chain optimization. Some areas are more successful than others. AI assisted chatbots, for example, are not widely valued by consumers and often give frustrating responses. Conversely,machine learning, a branch of AI, gives much better results in areas like demand forecasting. AI models allow more variables to be included in them improving the quality of the results achieved. But retailers should be aware that many software vendors overhype their use of AI and the success it can achieve. The number of retailers implementing AI based solutions is far lower than the media channels would have you believe. That's not to say ignore it, but it will take a good number of years yet before it becomes mainstream for most retailers. Today, it's mostly a tool for the very large retailers who can invest the big bucks. If you know of successful implementations beyond initial pilot projects, please share. #Retail, #Elearning

AI is revolutionizing the retail industry by improving supply chain, inventory, and logistics, leading to greater efficiency and an advantage in meeting customer expectations. Read our latest blog to learn how you can achieve similar results. To read more such blogs: https://lnkd.in/gnvEDpSH #WAC #Webandcrafts #Retail #AI #Blogs #Insights

🚀 It’s time to take control of your inventory the smart way. Discover how predictive inventory management can help you plan your stock levels just right and maintain seamless procurement. Say goodbye to the guesswork and optimize your inventory management with our cutting-edge AI tools. Visit us to learn more - https://lnkd.in/gMv-MRwt #AI #cx #service #support #Bruviti #fieldservice #contactcenters #agents #chatbots #inventory #oems

Forecast accuracy is the key to successful demand planning. Learn how AI and machine learning can elevate your supply chain with benefits like these: ☑️ Optimized inventory levels ☑️ Cost reduction ☑️ Enhanced customer satisfaction ☑️ Efficient supply chain operations ☑️ Better financial planning #supplychain #supplychainmanagement https://lnkd.in/gDw6UKg3

Stress-Free Logistics: Optimize Your Supply Chain with AI Want your supply chain to run like clockwork? Artificial Intelligence (AI) can make your logistics more efficient and accurate. Use AI to forecast demand and optimize inventory, ensuring you always have the right products at the right time. AI can analyze historical and current data to anticipate inventory needs, reducing both excess and shortages. This not only improves operational efficiency but also reduces costs and increases customer satisfaction. Additionally, AI can help optimize delivery routes and manage inventory in real-time, ensuring your products reach customers more quickly and efficiently. By having a well-managed supply chain, you'll be able to respond more quickly to market demands and maintain a competitive edge. In summary, integrating AI into your logistics can transform your supply chain, making it more agile and efficient. By improving accuracy and responsiveness, you'll reduce costs and increase customer satisfaction. #ArtificialIntelligence #Logistics #SupplyChain #Optimization #DigitalTransformation

"AI Transformation Stories: How AI is Revolutionizing Retail Operations AI isn't just a futuristic concept anymore, it's a reality that is making a significant impact on businesses across industries. In particular, the retail sector has seen a major transformation through the implementation of AI solutions. From streamlining operations to driving growth, AI has proven to be a game-changer for retailers. At CyberAge Technologies, we are committed to demystifying AI and making it accessible for businesses of all sizes. That's why we're sharing AI success stories and transformation case studies, highlighting the powerful business impact of AI. These real-world examples showcase the process, solutions, and outcomes of incorporating AI in retail. Through AI, retailers have been able to achieve operational efficiency like never before. With intelligent automation, tasks such as inventory management, supply chain optimization, and customer service have become more accurate and efficient. This has not only saved time and resources, but also improved the overall customer experience. But the benefits of AI in retail go beyond just streamlining operations. By analyzing vast amounts of data, AI can identify patterns and trends that humans may miss. This allows retailers to make data-driven decisions and personalize the shopping experience for their customers. This has resulted in increased customer satisfaction and ultimately, business growth. Curious to learn more about AI in retail and its impact on businesses? Dive deeper into this topic on our blog or visit our website to see our AI solutions in action. Let's continue the conversation on how AI can transform your business. Share your thoughts and experiences in the comments below. #AIinRetail #OperationalEfficiency #GrowthThroughAI #CyberAgeTechnologies"

🚀𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐑𝐞𝐭𝐚𝐢𝐥 𝐑𝐎𝐈 𝐰𝐢𝐭𝐡 𝐆𝐞𝐧 𝐀𝐈🚀 💰𝐆𝐞𝐧𝐀𝐈 𝐜𝐚𝐧 𝐮𝐧𝐥𝐨𝐜𝐤 𝐮𝐩 𝐭𝐨 $390𝐁 𝐢𝐧 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐯𝐚𝐥𝐮𝐞 𝐟𝐨𝐫 𝐫𝐞𝐭𝐚𝐢𝐥𝐞𝐫𝐬 💰  💲𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐕𝐚𝐥𝐮𝐞 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥: Generative AI (gen AI) could boost retailer margins by 1.2 to 1.9 percentage points, with total value reaching trillions when combined with non-gen AI. 🔍𝐖𝐢𝐝𝐞𝐬𝐩𝐫𝐞𝐚𝐝 𝐄𝐱𝐩𝐞𝐫𝐢𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧, 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 90% of retailers are experimenting with gen AI, but only 2 out of 52 surveyed executives report successful organization-wide implementation. ⚡𝐐𝐮𝐢𝐜𝐤 𝐖𝐢𝐧𝐬 𝐢𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐕𝐚𝐥𝐮𝐞 𝐂𝐡𝐚𝐢𝐧:Retailers see up to a 40% increase in ad click-through rates (Amazon) and 60% reduction in software engineering time (Mercado Libre). 📈𝐈𝐧𝐜𝐫𝐞𝐦𝐞𝐧𝐭𝐚𝐥 𝐒𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐠𝐢𝐧 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭: Gen AI decision-making can drive up to 5% incremental sales and 0.2 to 0.4 percentage points in EBIT margin gains. 🤖 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐆𝐚𝐢𝐧𝐬 𝐰𝐢𝐭𝐡 𝐂𝐡𝐚𝐭𝐛𝐨𝐭𝐬: Gen AI chatbots reduce order completion time by 50 to 70%, with a 2-4% basket uplift. API costs are expected to drop by 80% in the next 2-3 years. 🛍 As an example, 𝐚𝐭 𝐖𝐚𝐥𝐦𝐚𝐫𝐭, 𝐰𝐞 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐝 𝐚 “𝐓𝐞𝐱𝐭 𝐭𝐨 𝐒𝐡𝐨𝐩” 𝐭𝐨𝐨𝐥, where customers can text us to search for items, add or remove items from their carts, reorder products, and schedule deliveries. This is just one example of all the awesome AI-centric innovation we are driving to delight customers. To learn more, see this article from McKinsey - https://lnkd.in/gMhDmiVZ

These are the 4 key benefits of AI optimization in fulfillment management networks. Scroll down to learn more. 👇 🚀 Improvements in productivity and operational speed AI optimization boosts overall efficiency up to 58% compared to manual completion. Productivity gains enable DTC brands to scale rapidly without compromising quality. 🎯Fewer human errors and more accurate order fulfillment processes Automating repetitive tasks like picking and packing significantly reduces error rates. AI-driven jobs reduce picking time by 44% and packing time by 10%. 💰Substantial cost savings thanks to resource allocation optimization AI enables more feasible resource allocation, leading to significant time savings. Efficient resource use through AI yields substantial short- and long-term cost savings. 🤝 Enhanced customer satisfaction and competitive advantage AI plays a crucial role in achieving and maintaining excellent customer experience. AI job optimization helps brands fulfill brilliantly and elevate customer satisfaction continually. 🔍 Read the full blog to learn more about how AI optimization revolutionizes fulfillment management networks: https://bit.ly/4eaRIQc #AI #FMS #FulfillmentManagementSystem #ecommerce

Automated inventory management has grown by an impressive 45% in the past few years, revolutionizing stock and supply chain management. 📈 It is also a game-changer in the world of eCommerce. AI and advanced analytics ensure optimal inventory levels, reduce errors, and reduce excess inventory. #AI #InventoryManagement #Efficiency