Inventory prediction in warehouses

Application with artificial intelligence will reveal hidden sources of profit in inventory management

The inventory forecasting application uses elements of artificial intelligence to uncover hidden sources of profit that may be hidden in various aspects of inventory management. By analysing data from various sources such as ABC and XYZ analyses, sales inventory, in-route inventory, safety stock, and reorder point, this application can help you to improve inventory management and thereby increase productivity and profitability of your business.

On what principles does the application work?

  • One of the key aspects of the application is the ability to forecast stock levels based on various factors, including past sales trends, current market conditions and other relevant data. This allows the company to efficiently purchase and store its inventory, without unnecessarily tying up capital or storage space.
  • Another important part of the AI application is its ability to analyse current inventory and based on that, to calculate and display various information, including inventory forecasts, average purchase price and orders that have not yet been shipped. This can be extremely helpful in planning future purchases and minimizing the risks associated with stock shortages.
  • In addition to these benefits, this application also provides access to advanced analytics and data that can help to uncover potential opportunities for improvement. These analyses include ABC and XYZ analyses, which offer useful ways of categorizing the value of inventory items based on their importance to the business.
  • This AI platform also provides the option of an inventory optimization that allows you to maintain an ideal level of stock in the warehouse. This can help you to eliminate situations where there are too many items and tie up storage space unnecessarily, or when other items are in short supply and cause delivery delays.
  • The application is designed to be easily integrated with various ERP systems, allowing efficient and seamless management of all aspects of inventory management. Thanks to the state-of-the-art technology that it uses, it offers cutting-edge analyses and forecasting for key areas of inventory management.

Benefits of using the application to predict the state of inventory

By using our inventory forecasting application, companies can achieve better results, improve their productivity and profitability, and optimize inventory management. With artificial intelligence as part of their inventory management tools, companies can have better control over their processes and are able to respond more effectively to changing market conditions.

I want to know more I am interested

Before we begin: take a look at the processing of your personal data

If you visit a site that records cookies, a small text file will be created on your computer and stored in your browser. The next time you visit the same page, it will help you connect to the web faster. Our website will offer you relevant information and make it easier for you to work.

We mainly use cookies for anonymous traffic analysis and to improve our website. If you set your browser to block cookies, it is possible that the website will slow down and some parts of the website may not work completely correctly. More info on the processing of cookies.