Sara Hillstrom’s Post

Generative AI can help retailers and CPG firms reimagine their ways of working but what does if mean? Let’s understand through this example… #CPG, #Retail, #GenAI, #artificialintelligence

SHELFIE is revolutionising the retail industry by offering cutting-edge solutions that streamline inventory management, enhance customer experiences, and drive sales. The partnership with Nisa retail and Vocovo proofs already the success in revolutionising retail security with cutting-edge AI technology. SHELFIE empowers retailers to optimise their operations and stay ahead in today's competitive market. What SHELFIE has to offer: Real-time Inventory Management: No more manual inventory tracking! SHELFIE's advanced technology provides real-time insights into inventory levels, allowing retailers to efficiently manage stock and avoid out-of-stock situations. Dynamic Pricing: With SHELFIE, retailers can dynamically adjust prices based on factors such as demand, competition, and inventory levels. This dynamic pricing strategy helps maximise profits while ensuring competitiveness in the market. Data-driven Insights: SHELFIE provides actionable insights through comprehensive analytics dashboards. Retailers can gain valuable insights into sales performance, customer behaviour, and market trends, enabling informed decision-making and strategic planning. At SHELFIE, we are committed to empowering retailers with the tools they need to thrive in today's digital era. Our mission is to drive innovation, efficiency, and growth across the retail landscape, ultimately delivering exceptional value to both businesses and consumers. To learn more about SHELFIE and how it can transform your retail operations, visit our website: https://shelfieretail.com/ #RetailInnovation #SHELFIE #FutureofRetail #Technology #Innovation

Unconstrained demand presents challenges and opportunities for CPG companies and retailers. Part 1 of this series in Consumer Goods Technology defined unconstrained demand and its challenges. In part 2, Chris Lauchner and Geoff Shive explore how AI-powered solutions like predictive analytics, real-time monitoring and segmentation are optimizing operations, inventory management and supply chain synchronization, enhancing operational efficiency, reducing costs, and growing market share. Please read it and let us know your opinion. https://lnkd.in/eqH2xVQd

The RELEX Solutions State of #SupplyChain 2024: Retail and CPG Dynamics report offers valuable insights into the challenges, #strategicinvestment areas, and opportunities for retailers and #CPGs over the next 3-5 years.

GenAI changes the way CPG and retail operate — and you as a consumer. See the report and take the quiz to find out what future world scenario best fits the way you live. Learn more: https://ow.ly/TTlT30sBjbR #EYCanada #BetterWorkingWorld

⭐ Customer Spotlight ⭐ A global CPG leader was looking for a single system to track their shipments and had limited visibility into their fleet operations. This led to high detention and demurrage charges and ineffective #supplychain planning. By using Dista's Real Time Transportation Visibility (RTTV) solution, the CPG company: ✅ Improved real-time visibility into supply chain operations  ✅ Significantly reduced detention and demurrage charges ✅ Reduced carbon emissions and more. Here's Mrinmayi Matekar explaining how Dista's #locationintelligence platform helped the CPG firm with end-to-end real-time visibility. 🚀 https://lnkd.in/dz97pX3G #Dista #RTTV #supplychain #CPG #locationintelligence #customerstory #successstory #realtime #AI

In grocery and food distribution, effective inventory management can make or break success. Our latest blog explores how powerful AI-driven solutions including AI demand forecasting, real-time tracking, and automated replenishment, are helping grocers and food distributors enhance accuracy, reduce waste, and boost profitability. Learn how the right tools can drive real results. Read the full article here: https://lnkd.in/gvKTifgf #GroceryIndustry #FoodDistribution #AIDemandForecasting #InventoryControl #OrderGrid #SupplyChainTech #EfficientOperations

Looking forward to this conversation with Troy Prothero on how CPG collaboration and data monetization has evolved, what we see as the future of these programs, and why we believe that #predictiveAI and #generativeAI technologies will accelerate collaborative value creation in #supplychain and beyond.

🚀 The Future of Retail is Here 🚀 Retailers are increasingly turning to AI-driven solutions to tackle some of the industry's most complex challenges. At BeeBI Consulting GmbH, we offer tailored services that enable businesses to enhance key areas such as price elasticity, markdown optimization, demand prediction, and production planning—all with the goal of boosting profitability and improving operational efficiency. 🟢 Price Elasticity & Markdown Optimization Imagine adjusting prices in near real-time based on consumer demand, inventory levels, and market trends. Our AI-driven solutions allow retailers to determine the ideal price point to boost sales without sacrificing margins. With BeeBI’s services, you can dynamically adjust markdown rates to respond to market conditions, ensuring optimal pricing strategies that maximize profitability. 🟢 Demand & Out-of-Stock Prediction Accurately predicting consumer demand is critical to keeping products available when your customers need them. Using advanced analytics, we help businesses forecast demand and avoid costly stockouts. Our out-of-stock prediction services allow you to proactively manage inventory, ensuring shelves are stocked before products run out. 🟢 Production Planning & Inventory Optimization Better demand prediction leads to smarter production planning. Our services provide actionable insights into production needs, helping retailers streamline their supply chains, reduce overproduction, avoid underproduction and recognize slow moving stocks at a glance—resulting in a more efficient and cost-effective operation. At BeeBI Consulting, we are helping retailers harness the power of AI to drive smarter decisions around pricing, inventory, and production. Our solutions are designed to enhance every aspect of your retail operations, making your business more agile and competitive in the market. 💡 Interested in optimizing your pricing strategies or improving demand prediction? Let’s talk! 📩 Reach out to us at [email protected] to learn more. #FutureOfRetail #RetailInnovation #BeeBIConsulting #PriceElasticity #MarkdownOptimization #DemandPrediction #InventoryOptimization #SmartProduction #SupplyChainExcellence #DataDrivenDecisions #OperationalEfficiency #RetailGrowth #MachineLearningInRetail #RetailSuccess

Retailers are adopting AI-driven pricing and dynamic models at faster-than-ever rates. This has obvious competitive implications within the retail landscape but, also interesting, it is unmasking less sophisticated approaches by CPG vendors who are now interfacing with more skilled retail pricing teams, faster turnaround expectations, deeper insight, and unified data platforms.