Unlocking Supply Chain Success: Embracing AutoML-Based Planning in E-commerce & D2C Era

With the rise of E-commerce and D2C, the need for effective supply chain planning has increased. Over the past couple of years, transition from traditional manual approaches in demand forecasting and inventory planning to the adoption of ML-based product planning is observed. What drives this transition? 💻

⏩ Improved Accuracy: AI/ML algorithms can analyse vast amounts of historical data, identify patterns, and make predictions with a high degree of accuracy. This leads to more precise demand forecasts and inventory plans compared to manual methods

⏩ Interconnectedness: Manual processes are generally executed in silos with separate processes for demand forecasting, inventory planning and promotion planning which lead to gaps in planning. A product like TrueGradient provides a unified flow with one forecast driving end-to-end supply chain planning

⏩ Cost Savings: For growing retailers/e-commerce, the focus lies with expanding operations and as a result, curating a team of ML professionals takes a back seat. A ML product is a more cost-effective solution compared to the expense of hiring & training a team

⏩ Reduced Human Error: Manual processes are prone to human error, which can lead to suboptimal inventory levels, stock-outs, or overstock situations. ML product automates complex calculations, reducing the risk of errors and improving overall efficiency

⏩ Strategic Decision Support: ML products provide valuable Data-driven insights into customer preferences, promo sensitivities, seasonal trends, and product performance. Retailers can make more informed strategic decisions based on these insights

⏩ Scalability: As retailers grow and deal with an increasing number of products, locations, and facilities, ML products can handle the complexity more efficiently than manual processes

⏩ Time Savings: Automation through AI/ML reduces the time and effort required for manual forecasting and planning tasks. Retailers can allocate their human resources to more strategic and value-added activities

And ultimately all this translates to -
🎯 Increased efficiency
🎯Cost Savings and Higher profits
🎯Enhanced Customer Satisfaction
🎯Competitive Advantage

Reach out to us at TrueGradient for a personalised consultation & demo. Make 2024 a groundbreaking year for your supply chain — elevate your metrics and set new standards with advanced ML-based product planning. 🚀