ReplenishAI™ for Enhanced Forecasting and Replenishment
Solve Inventory Challenges with AI Driven Demand Pattern Clustering
Are you struggling to identify seasonal demand trends and the items that behave similarly during the season? Do you know what the lift is for those product groups and how long the season lasts? Are you missing sales because of inaccurate replenishment forecasting?
Developing those models can be time-consuming and error prone. In addition, having an inaccurate model and items inaccurately associated with those models will cause inferior forecasts and result in poor inventory management and lost sales.
TrueCommerce's ReplenishAI™ uses advanced technology to create demand pattern clusters, that once processed into our Vendor Managed Inventory application will provide incredibly accurate forecasts.
Why AI/ML Forecasting Matters for Your Business
Under-forecasting can lead to significant revenue losses due to stockouts and missed sales opportunities. By integrating TrueCommerce ReplenishAI, companies can see exactly how much demand they’ve missed in the past and calculate the potential revenue impact.
Start optimizing your supply chain today. Use ReplinishAI to drive more accurate forecasts, maximize sales opportunities, and reduce excess stock, leading to more efficient use of working capital.
3 Key Advantages of AI/ML-Enhanced VMI
Improved uniformity in sales profiles, providing more consistent inventory management.
Identification of hidden sub-trends that manual analysis often misses, allowing for better decision-making.
New sales profiles are generated that were previously overlooked, unlocking new demand opportunities.
Companies are currently challenged by
Manual clustering
Time-consuming and labor-intensive process to group items by demand pattern.
Missed sales
Backward-looking forecasts fail to capture sudden demand spikes.
Inefficient analytics
Unable to capture subtle trends that affect product demand.
Overly broad profiles
Items that could be grouped more efficiently are lumped into one-size-fits-all profiles.
High inventory costs
Excess stock leads to wasted working capital and inefficiencies.
Features of ReplenishAI
Innovative Replenishment
TrueCommerce leads the VMI industry in innovation with the integration of Artificial Intelligence (AI) and Machine Learning (ML). Our platform transforms how companies forecast demand and manage inventory, offering faster, more accurate, and data-driven results.
Advanced Demand Clustering
Using AI/ML, ReplenishAI analyzes your entire product portfolio, grouping items with similar demand patterns into clusters—delivering results in just one hour, compared to the weeks or months required by manual methods.
Smarter Forecasting with AI/ML
The system processes demand patterns for thousands of items, smoothing data and applying clustering algorithms to deliver accurate sales profiles. These profiles are fed into the VMI forecasting function, allowing for more precise replenishment cycles based on real-world demand trends.
Accurate, Dynamic Sales Patterns
Our AI/ML models create specific yearly demand trend patterns for products. These patterns consider regional and seasonal variations, ensuring your inventory forecasts are aligned with actual market needs.
Accuracy Improvement
AI-driven demand pattern clusters deliver an increase in demand forecasting accuracy against a manual process. In a pilot of the application, the AI profiles beat the manual forecasts for 68% of the products managed. The results were coming into the season with a more accurate forecast and exiting the season with less inventory on hand.
Optimized Inventory Management
With more accurate forecasts, companies reduce missed demand, optimize days of supply, and improve working capital utilization.