{"id":31609,"date":"2023-09-08T13:01:02","date_gmt":"2023-09-08T12:01:02","guid":{"rendered":"https:\/\/www.intelligentcio.com\/north-america\/?p=31609"},"modified":"2023-09-08T13:01:04","modified_gmt":"2023-09-08T12:01:04","slug":"alloy-ai-announces-new-predictive-and-generative-ai-features-for-consumer-brands-selling-through-retail","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/north-america\/2023\/09\/08\/alloy-ai-announces-new-predictive-and-generative-ai-features-for-consumer-brands-selling-through-retail\/","title":{"rendered":"Alloy.ai announces new predictive and generative AI features for consumer brands selling through retail"},"content":{"rendered":"\n

New AI features let companies predict out-of-stocks and warehouse product shortages, accurately forecast consumer demand, and discover sales and supply chain insights in seconds.<\/em><\/strong><\/p>\n\n\n\n

Alloy.ai, a software platform that helps consumer brands rapidly sense and adjust to changes in consumer demand and supply chain disruptions, has launched new predictive and generative AI features to help companies overcome the sales, inventory, forecasting and supply chain challenges they are facing due to an uncertain economy and unpredictable consumer demand.<\/p>\n\n\n\n

With this new set of features, consumer goods brands can avoid out-of-stocks and OTIF (on-time in full) fines, grow incremental sales, forecast more accurately and achieve full visibility into their finished-goods supply chains.<\/p>\n\n\n\n

These powerful new analytics features use advanced simulations to predict potential sales and inventory problems and then prescribe specific actions companies can take to avoid them.<\/p>\n\n\n\n

The Alloy.ai application is powered by a data platform that automatically aggregates and harmonizes point-of-sale (POS) data from all of a company\u2019s retail and ecommerce channels and syncs it with inventory and internal supply chain data from a company\u2019s ERP systems.<\/p>\n\n\n\n

This gives Alloy.ai\u2019s customers \u2013 such as Bic, Crayola, Bosch, Melissa and Doug, SimpliSafe and others \u2013 instant visibility into demand and inventory across their own networks and those of their retailers.<\/p>\n\n\n\n

Because Alloy.ai automates the work of harmonizing and modeling disparate unstructured data sources, customers can ensure their data is AI-ready – making it easier than ever before to apply technologies such as predictive analytics and AI.<\/p>\n\n\n\n

\u201cBefore Alloy.ai, we were flying blind, without visibility into inventory levels at our third-party distribution and retail partners\u2019 networks,\u201d said Kayla Harriss, Supply Chain Manager at Valvoline Global Operations. \u201cThe Alloy.ai platform brings in and automatically cleans messy inventory data from numerous sources and combines it with data from our own ERP. Now, we can track inventory levels across our entire network to ensure we always have healthy weeks of supply, avoiding costly out-of-stocks with our retail partners and ensuring that consumers will always find our products when they need them.\u201d<\/p>\n\n\n\n

On top of Alloy.ai\u2019s core capabilities \u2014 such as POS trend analysis, cross-retailer lost sales alerts and promotional impact experiments \u2014 Alloy.ai customers can now:<\/p>\n\n\n\n

Proactively identify warehouse stock risks<\/strong><\/p>\n\n\n\n

Predicting well in advance whether a warehouse inventory is at risk of low supply so corrective action can be taken. Advanced simulations in Alloy.ai help replenishment teams mitigate warehouse-stock outs with the goal of improving fill rates, shipping on-time, reducing OTIF fines and ultimately minimizing impact to downstream on-shelf availability.<\/p>\n\n\n\n

Make better allocation decisions when supply is constrained<\/strong><\/p>\n\n\n\n

Advanced simulations flag upcoming shortages, identify impacted orders and determine downstream supply positions – enabling an allocation strategy focused on minimizing POS impact.<\/p>\n\n\n\n

Identify opportunities for incremental sales with retail replenishment recommendations<\/strong><\/p>\n\n\n\n

 <\/strong>Alloy.ai produces specific, actionable recommendations that show replenishment teams exactly how much additional inventory is needed to pre-empt retail stockouts with clear data-backed insights to persuade retail buyers.<\/p>\n\n\n\n

Get full supply chain inventory visibility<\/strong><\/p>\n\n\n\n

Monitoring omnichannel inventory levels and trends across warehouses as well as partner retail distribution centers, e-commerce fulfilment centers and stores to get a macro understanding of where product is building up and where it is being depleted.<\/p>\n\n\n\n

Other features include:<\/p>\n\n\n\n

Access Alloy.ai point-of-sale forecasts<\/strong><\/p>\n\n\n\n

Alloy.ai\u2019s short- and long-term demand sensing algorithms produce POS forecasts based on high-frequency, granular demand and channel inventory data as well as seasonality and historical trends, to power predictive and prescriptive analytics and demand planning.<\/p>\n\n\n\n

Instant answers to supply chain and sales questions with Alloy.ai assistant \u2013 powered by generative AI<\/strong><\/p>\n\n\n\n

<\/a>Ask a question using normal language and get an answer from an AI assistant in seconds. No need to configure dashboards or dig through data \u2014 the AI assistant does the work.<\/p>\n\n\n\n

\u201cAI is on everyone\u2019s mind today, and with good reason \u2014 the technology\u2019s potential for the consumer goods industry is massive. We\u2019re constantly approached by companies that are excited about AI but aren\u2019t sure how to begin applying it to their business,\u201d said Joel Beal, Co-Founder and CEO, Alloy.ai.<\/p>\n\n\n\n

\u201cWe\u2019re giving our customers the predictive and prescriptive AI features they\u2019ve been seeking – features they can easily apply to their business today to drive millions in new revenue and reduce costly mistakes like out-of-stocks and OTIF fines.\u201d<\/p>\n\n\n\n

Alloy.ai users can also customize their own analysis by choosing from more than 350 consumer goods-specific metrics ready for cross-retailer analysis, including marketing promotion analysis, phantom inventory, new item execution, geographic analysis and more.<\/p>\n","protected":false},"excerpt":{"rendered":"

New AI features let companies predict out-of-stocks and warehouse product shortages, accurately forecast consumer demand, and discover sales and supply chain insights in seconds. Alloy.ai, a software platform that helps consumer brands rapidly sense and adjust to changes in consumer demand and supply chain disruptions, has launched new predictive and generative AI features to help […]<\/p>\n","protected":false},"author":58,"featured_media":31610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1645,30,39,43],"tags":[4862,4369,4100,954,79],"class_list":["post-31609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights","category-intelligent-technology","category-software","category-top-stories","tag-alloy-ai","tag-generative-ai","tag-insights","tag-retail","tag-software"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/31609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/comments?post=31609"}],"version-history":[{"count":3,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/31609\/revisions"}],"predecessor-version":[{"id":31613,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/31609\/revisions\/31613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media\/31610"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media?parent=31609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/categories?post=31609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/tags?post=31609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}