The Eye learns your business data, predicts the demand expected, and prepares
re-ordering recommendation based on AI and ML based algorithms, assuring accurate business decisions.
The Eye classifies items based on their importance, and does purchase and production planning with minimum human effort and least time, thus reducing the overall operation cost significantly.
The inventory is optimized and racks are filled as per the need of the customers, thereby delighting them with required items always, leading to increase in the sales and cut down in loss due to wastages and expiry.
The Eye does demand forecasting based on past sales, as well as recommends inter-store stock transfers based on requirement in outlets, ensuring the inventory is utilized wisely and inventory carrying cost is kept minimum.
The fast moving items are planned more based on the demand and seasonality, and the non-moving items are planned for lesser quantity automatically, ensuring optimum purchases without any instances of stock outs.
The Eye rules out the necessity of a dedicated purchase manager and team to manage purchases and it makes accurate and smart purchase decisions, thus improving the cash flow in the business all round the year.
The Eye saves a pile of money such that you can run 5 stores at the cost of running 4 stores
For every Re.1 invested in The Eye, it easily saves Rs.3 in return
1 in 7 ATMs in India are currently replenished using the forecasting and planning capabilities of The Eye
Perform demand sensing for stock replenishment at stores and make replenishment by setting up warehouse scheduler
Make daily reorders for fresh items and regular reorders for seasonal products based on the demand
Enjoy smart allocation of stock based on their sales and lead time and plan the repacking at the warehouse for privately labelled products
Facility to set multiple warehouses by assortment, geography or combination of both
Replicate the existing running store while opening new store and kick start purchases immediately
Track the deviations in planning by The Eye to retrospect and close the gaps from next time
Set up the purchases in auto-pilot to raise POs, and to do warehouse replenishment autonomously
Schedule reminders to suppliers to communicate purchase orders that are yet to be received or going to expire
Track the POs daily based on priority and identify open, expired, under-serviced and dumped POs
Maintain supplier schedules for better control over order cycles and ensuring optimum stock always
Perform alternate purchase from secondary suppliers when purchase from primary supplier is not possible
Flexibility to mark different primary suppliers for same product based on store, cluster or chain to handle local delivery against a central purchase
Identify items that are to be audited considering their inventory holding pattern and sales
Set the stock audit planner to do audits continuously so that The Eye can learn the pattern and recommend the daily list of articles to audit
Know the items that are not selling (dormant) and take action to deactivate them for next purchase or introduce them as new items with fresh codes
Identify the dormant items that are selling in one/few store(s) and distribute them to outlet(s) where the same item is selling well, so that stock is managed efficiently
Ability to set minimum order quantities and minimum order amount on supplier schedules
Automatic picking up of UOMs based on previous purchase history and get recommendations on UOMs for suppliers and internal transfers
Know the nature and characteristics of items with multiple special tags given based on the operations and sales data from the past
Identify the priority and importance of items in your business and business value using Pareto analysis
Ability to setup presentation stock for the store in terms of days of stock or MRP limits
Plan the purchases and events for festival promotions and also track the operations at ease
Know supply and replenishment constraints in factors such as lead time, supply cycle, holding days etc
Mirror the existing stores having a large build-up of data on festivals and events, and kick start the festive sales and promotions in new stores
Get visibility on no. of days current stock can last, with insights on Supplier fill rate, Supplier classifications and PO relay
Ability to estimate the out-of-stock ahead of time and perform data prediction automatically to meet the demand
Make proactive analysis on the reason for stock out to happen, and know the estimated business loss for stockout instances
Get Transfer Recommendations for sending stock from one store to another, thus balancing stock between chain stores
Track the interstore transfers as well as infer warehouse planning and execution excellence
Periodic analysis of suppliers who have not supplied for long time, helping to reactivate and deactivate products as per need
The Eye relentlessly analyses every article and demand plans with great accuracy. I've cut my inventory by ~20% even with my business growing, reduced wastages while also increase sales and cut down human time on analysis and errors. Artificial intelligence provided by 'The Eye' has become paramount to my business and I am enjoying it a lot!
Daily Needs, Pondicherry
In just a month of deployment, The Eye has brought down the stockout conditions in our chain. The Eye’s capability to identify articles purchase/repack has immensely helped my buyers to save a lot of time and works on what really matters - quality. Working with AI truly yields the right benefits and more importantly remains with us.
Raja Shopinn, Chennai
The Eye has learnt with time and drives two core aspects of my business, its made uber easy, the replenishment of my stores, production planning my private labelled products and ordering to my suppliers. It predicts and auto handles lead time, new articles, seasonality etc with ease. Managers at my stores now only focus on customer service!
Bansal Super Store, Lucknow
Reordering is the process of placing an order for the same item that has already been purchased. In other words, it is an act of making a repeat purchase to refill the racks or warehouse in order to meet the customer needs. Reordering of items is done when the inventory reaches below the critical level.
Reordering ensures inventory lasts until the next purchase and helps to assure on-time replenishment before inventory runs out, thus helping to fulfill the continuous demand from the customers. Reordering before stock outs happen helps to service the customers even during extreme instances in item production, delivery constraints, and unpredictable external factors.
The Eye for automatic reordering is Artificial Intelligence (AI) and Machine Learning (ML) based solution, that helps both standalone and chain businesses to plan their purchases based on demand and seasonality, improve their inventory mileage, save business loss caused due to stock outs, and make replenishment operations, planning and tracking so simple and easy.
- Set your masters right by making proper item supplier mapping and mapping up the primary supplier for each item
- Set the supplier schedule and supplier contacts without any discrepancy
- Schedule warehouse calendars for warehouse to store transfer
- Do stock audit of your store to eliminate the Negative inventory, non-moving items, and get rid of irrational holding
- Define the item type properly as Put away, Flow through, and Direct Store Delivery based on their movement in the supply chain
- Set proper purchase UOMs and transfer UOMs considering the quantity for presentation stock
With The Eye , AI and ML based solution has innumerable benefits:
- Enjoy accurate and autonomous reordering and transfer recommendations
- Avoid loss in revenue due to stockouts, by predicting them in advance
- Transfer the item that is non-moving item in a store, to another where it sells better, thus utilizing the inventory on hand properly
- Kickstart the operations immediately in new store by mirroring the data from existing one
- Stack up the items based on the seasonality pattern and demand, ensuring more revenue
- Reduce the investment by identifying the non-selling items and deactivating its purchase easily
The Eye has a wide range of business benefits that can simplify and enhance the operations of businesses, which make it the most sought app by retailers:
- Does autonomous purchase planning and execution based on past sales and seasonality
- Provides prompt stock transfer suggestions to use the inventory effectively across stores
- Estimates stockouts well ahead and makes accurate purchase planning to avoid stockouts
- Picks up UOMs automatically based on the past purchase history and recommends UOMs for interstore transfers
- Tracks the POs on daily basis and sends out reminders to supplier to notify about the due date of order supply or delivery