Improving Operational Efficiency through AI-Driven Forecasting and Replenishment
Novus Supermarket chain is one of the TOP retailers in the Eastern Europe market.
Supermarkets
Intelligent inventory optimization software in retail
Freshness for customers - reduced waste for business
Inventory optimization software is designed to autonomously forecast, plan demand, automate order generation, replenish on time and keep every level of the supply chain running smoothly in an environment of low predictability and constant change.
Self-regulating AI-based technologies guarantee highly accurate orders, sales growth, turnover improvement and waste reduction.
Increase the turnover and profitability of your retail
LEAFIO Inventory Optimization is the ultimate cloud-based solution for managers and business owners who seek:
Labor Cost Optimization
Ways to reduce labor costs for ordering necessary products, sales and inventory balance-level analysis.
Precision Ordering
Tools for improving the accuracy of stock and store orders to prevent errors that lead to surplus and shortage of goods.
Efficient Stock Tracking
Making information on stock-flow and movement of goods in stores more timely and transparent.
Retail Consolidation
Retail stock management consolidation in a unified software environment.
Inventory Efficiency Solution
Solution for inventory optimization efficiency analysis.
Innovative Retail Solution
Affordable price for an innovative solution for both large and small retail chains.
Optimize your inventory on autopilot with LEAFIO AI for increased profitability.
Inventory optimization software features
LEAFIO retail inventory software is not simply a replenishment automation tool. We have spent years of research to deeply understand the challenges of modern supply chains for retail. As a result, we have developed an innovative solution.
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Smart auto-ordering system
The heart of retail inventory software
Using an automatic ordering system, you can generate and send orders to external suppliers or your warehouse automatically without any intervention from demand planners. Retail inventory software provides several functional blocks that factor in the specifics of all categories of goods at all levels of the supply chain.
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Intelligent dashboard
A new level of managers’ engagement
People are involved in the inventory management process. Even with a high level of process automation and the use of AI, human influence is very important – it is the manager who takes a critical look at the situation and makes managerial decisions. If there is a need to change delivery schedules because of an imbalance in supplies, withdraw SKUs from the product range, or add necessary but missing information about the upcoming promo, it is done by managers.
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Promotional excellence
Planning and execution
The promotional excellence functional block allows you to prepare for a planned promotional activity timely, automatically receive a calculated promotional forecast, adapt the stock to the actual promotional sales, complete it with the minimum stock, and analyze its effectiveness.
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Fresh inventory software for retail
“Leaner” than ever
The fresh category is the most difficult in terms of retail inventory optimization. This is because of its features: short shelf life and frequent deliveries determine high turnover requirements, no carry-overs, often higher write-off costs compared to lost sales, the dependence of demand on the appearance of the product, especially if it is not packaged, high weekly fluctuations of demand and others. This specificity requires a very “lean” approach to inventory optimization.
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Multi-echelon replenishment
All levels of the supply chain are connected and balanced
Our replenishment optimization system was designed to manage inventory at all levels of the supply chain: from a retail store, pharmacy, or supermarket to the chain of regional and central warehouses.
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Due to the tight connection in the elaborate multi-echelon forecasting algorithm, they are making it possible to accurately assess the current and future demand for goods on the lead time of an external supplier to the central warehouse concerning the supply schedule of a product to stores. The system takes into account all the BPs and effective order peculiarities.
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Demand forecasting
True story planning
The demand forecasting module is designed for short-, medium-, and long-term sales forecasting for up to a year of planning. With it, you can evaluate the planned sales variability, the warehouse load, and, in general, increase the sales and operational planning accuracy, and increase the accuracy of seasonal forecasts and promotions.
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Multi-scenario seasonality
Be ready for every market situation
Automatic calculation and application of seasonality factors for a regular assortment with seasonal fluctuations in demand, “sharp” seasonal products available in the assortment range for a limited time only. For your convenience and increasing accuracy, the system provides a set of scenarios, the application of which occurs depending on the situation of the market.
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Auto procedures in retail inventory software
Support the assortment rotation
30-50% rotation of the assortment per year requires automatic execution. If you’re introducing new SKUs, it is necessary to forecast the first order depending on its specifics: a new SKU is a substitute or analogous to the existing one or it is brand new for the chain.
In case of a withdrawal, it is necessary to take into account the structure of the supply chain in order to keep track of stocks on all levels of the supply chain to effectively withdraw the item from the product range.
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Powerful BI-module
Not just a set of retail inventory management reports
Our analytics module is the key takeaway from our many years of supply chain experience. Proper KPIs are fundamental to efficient retail inventory optimization, as these indicators drive future performance and profit.
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The calculation of these indicators lets you know where the money for operating activities is invested and when they will return a profit.
LEAFIO AI Inventory Optimization Solution Impacts
8%
more sales
15%
waste reduction
50%
less overstocks
98%
service level
30%
faster turnover
50%
less lost sales
The benefits of LEAFIO AI Inventory Optimization Software
Optimize Turnover
Increases inventory turnover by reducing lost sales and surplus.
Reduce Overstocks
Prevents the appearance of slow-moving products surplus due to the reduction of errors.
Streamline Retail Analytics
Saves the managers’ time to conduct analytical work to track retail KPIs and make relevant decisions.
Enhance Supply Chain Visibility
Provides transparency in managing product flow at all levels of the supply chain.
Automate Replenishment
Automates the retail product ordering routine and saves you from errors in manual planning of product purchase.
Prevent Lost Sales
With satisfactory Auto Replenishment System, you can have the right amount of goods in stock, reducing deficient deliveries.
Inventory optimization software trusted by retailers the world over
Genuine feedback
The objectives of the solution implementation project were: increase inventory turnover and improve the SKU service level at our locations. I'm proud to say that all goals have been reached as we have achieved a significant decrease of overstock levels and an increase of product availability on the shelves.
Toy House
Head of Supply Chain
The result gained by our customers in their supply chain inventory optimization is the first thing that really matters
Ready to transform your supply chain & retail planning?
We’re happy to discuss your business’s needs and share how LEAFIO’s market-leading, unified platform can help you drive profitable growth across your sales and distribution channels.