I was invited today to go to the AI FOR BUSINESS SUMMIT
We have been into AI for many years.
A while ago, I worked out that almost half the out of stock problem in a typical client of ours can be avoided by the use of our AI ordering system in your POS Software.
This can avoid much of the harmful problem in a business such as people coming and walking out because you do not have the product they wanted. What is even worse is if they get frustrated with you not having the stock they want and going elsewhere.
It does not look good either. What do you think of this shop shelf?
What does it say about the business to its clients?
The problem is that
To be successful today, it is essential that retailers keep in tune with their shop's unique preferences and behaviour. However, there are too many stock items and marketing seasons to do it accurately manually. The best way to do it is with AI. These tools are generally too expensive for small to medium-size retailers unless they have our point-of-sale system because we have embedded it into our software and give it out included in. Others I notice charge for AI or do not have it.
I think it's great system (maybe because I designed it), but I assure you we made it so that it is both simple and reasonably intuitive to use. It does not require much training either to handle. It is less work than manual stock ordering.
Let say you have a basket for tape. You cannot order limitless quantities of tapes.
This is how the tape is set up
Now what happens is the computer tracks the stock on hand, estimates the stock level required for these goods in the period, if it thinks that the stock on hand is too low it can send an order to a supplier with the speed and accuracy that no-one can match.
It is easy to set up, and use for details click here.
With our AI software, you can control your stock with relative ease.