SAIBRE Solutions About Predict Demand Sector: Large Retailer of B2C consumer goods Company size: Enterprise Global Retail Company Performance Area: Forecasting Sales and Demand Goal: Accurate forecast sales and demand; AI will benefit not just revenue but also logistics of maintaining sufficient inventory. Challenge: The company needed to forecast its revenue as well as its inventory. The benefits from the revenue forecast are obvious, but accurate inventory forecast equally affects the company. Too low of an inventory will impact sales and customer loyalty. Too high of an inventory creates a space problem that prevents new items to sell. It also creates downward pressure to discount the items in order to move them at a reduced profit or even loss. Results: Sonasoft ingested data on historical sales, weather information, public holidays, specific promotions, price cuts, etc. Sonasoft then ran multiple algorithms for statistical insights and deep learning. The best benchmarking solution was chosen with an 80 percent modeling accuracy. In addition, Sonasoft was able to reveal which product promotions worked best and which ones did not. Overall, Sonasoft was able to give insights to drive input variables to maximize sales and drive incremental revenue. 01 SAIBRE Get A Demo 02 Solutions Solutions by Industry Solutions by Function 03 About Team Contact Board of directors Advisory board Our Clients Resources Investor Relations Blog Based in Silicon Valley since 2003, Sonasoft is a public company (SSFT) providing solutions that create significant competitive advantages from data, the most valuable corporate asset in the digital economy. Our artificial intelligence (AI) platform and software capabilities harness data to enable businesses to accelerate and improve decision making, increase operational efficiency and automate critical processes. © 2021 Sonasoft (408) 708-4000 info@sonasoft.com 1735 N. First Street, Suite 103 San Jose, California 95112 U.S.A. Privacy policy Terms of use policy