Profits and gross margins are under pressure for fashion retailers. But could Artificial Intelligence hold the key to optimising markdowns and unlocking value in the supply chain?
Accurately anticipating the future is always more effective than going in without a place and experiencing loss. This is true in most cases, especially when it comes to supply chain or distribution. Products cannot be instantly teleported and in fact, there are extensive inventory costs and shortage penalizes sales.
Vekia the AI-based startup is pleased to represent French Tech for the second year at the 107th edition of the NRF Retail’s Big Show.
A retailer must offer the best products at the most attractive prices. However, it will fail if its items are not available when the customer wishes to purchase them.
In an environment of thick competition, the cultivation and the multiplication of distribution channels makes inventory management an increasingly crucial part of brand success
Vekia, a key player in Machine Mearning in the Supply Chain sector raises € 12m and speeds things up
Olivier Founding manager of the Retail sector at Capgemini Consulting believes that distributors will have to face 5 major challenges. Moreover, according to him, the traditional signs will have to review and rethink their missions and reinject the content in the relationship with the customer, using digital tools for example.
Vekia Listed Again in Gartner Market Guide for Retail Forecasting and Replenishment Solutions.
The objective of a Supply Chain is ensure right stock is in the right place at the right time at the best cost throughout the process.