The next level of inventory management for E-Commerce

With the cutting-edge LEAFIO’s solution, get more accurate demand forecasts, a higher level of supply chain automation and product visibility across all sales channels. Provide your customers with maximum product availability, optimal assortment and price offers.

The next level of inventory management for E-Commerce
;

Redefine E-commerce excellence via advanced inventory optimization and assortment planning

Ensuring maximum product availability for customers with minimal overstock

For online commerce, the availability of the product a customer needs is critical. If at least one of the necessary items is out of stock, the online customer is more likely to abandon the cart and move on to another site. At the same time, 100% availability is sometimes fraught with write-offs if demand is miscalculated.

How this is handled with LEAFIO:

  • Machine learning-based demand forecasting takes into account most of the factors that affect demand: seasonal and intra-week fluctuations, holidays, promotions, etc.

  • The automatic replenishment system will order exactly as much product as is needed on a particular day to meet expected demand.

  • Algorithms will take into account lead times, goods in transit, package size, expiration dates, and remaining goods in stock.

  • The system will automatically calculate the necessary stock depending on the supplier's level of reliability.

  • The solution ensures maximum product availability across all channels and helps reduce the abandoned cart share.

Lack of complete inventory visibility across all sales channels

Managing inventory in a multi-channel environment and allocating it between channels and online stores is a challenge for e-commerce businesses. Another challenge is ensuring high visibility and inventory planning for each channel according to rapidly changing demand and frequent product returns.

LEAFIO allows you to:

  • Fully automate the replenishment process, taking into account all channels from the time demand is calculated to the time the supplier receives the order;

  • Provide a transparent and efficient inventory management process at all levels of the supply chain without manual intervention;

  • Have accurate inventory visibility, taking into account sales and product movement through all sales channels.

Choosing the optimal assortment in a highly competitive and frequently changing demand environment

Having an assortment that is in demand is an important prerequisite for online commerce. If it doesn't meet customer needs, a retailer risks both under-sales and over-sales. With this limitation, the return on a square foot/meter of shelf becomes critical to profitability.

What does LEAFIO do to ensure you have a competitive assortment?

  • The solution helps you analyze the performance of your assortment by store, supplier, category and SKU;

  • The system allows you to quickly determine which products are sales drivers, and which are worth eliminating from your assortment or paying special attention to their promotion;

  • The algorithms predict demand for new products most accurately, allowing you to expand/change the assortment without risks of overstock;

  • The system prompts which goods should be removed from the assortment and helps to do it softly and without losses.

Effective management of a high share of promotions

Special offers are an important sales driver for online commerce. Therefore, a lack of promotional items will not only lead to the loss of one sale but possibly the loss of a customer. On the other hand, striving to provide enough promotional items often leads to write-offs and spoilage of goods.

The LEAFIO Promotion Intelligence system will allow you to:

  • Forecast sales and automatically generate orders for future promotions;

  • Calculate order timing for timely preparation for the beginning of the promotion, so that the goods do not arrive earlier or later than necessary;

  • Promptly replenish stock of goods during the campaign, adapting to the current demand;

  • Decrease stock in time for the end of the promotion to avoid overstock and write-offs;

  • Quickly evaluate the effectiveness of promotional campaigns in accordance with the adopted strategy for further improvement of promotional processes.

Timely adaptation of inventories to sudden fluctuations in demand

Demand in online stores and darkstores can fluctuate depending on the days of the week. Under such conditions, with manual calculations or an insufficient forecasting system, it's easy to make critical errors, resulting in missed sales or write-offs.

LEAFIO’s AI-based solution enables online- and darkstores:

  • Automatically calculate and apply an index of demand variability by day of the week for more accurate ordering;

  • Ensure maximum availability of perishable products with minimal write-offs;

  • Take into account current inventory levels, supplier package size and goods-in-transit when ordering;

  • Exclude one-time atypical fluctuations in demand from the calculations, so you don't get inflated follow-up orders.

Respond to seasonal fluctuations in demand in advance

Demand for items in online stores fluctuates greatly depending on the time of year or holidays. If the sales forecast is inaccurate, there is a high chance of missed sales or overstocking. It's important to keep an eye on not only the timely availability of seasonal products but also the relevance of the assortment.

How this is solved with LEAFIO:

  • The system automatically calculates and applies seasonality factors for regular assortment and seasonal goods.

  • LEAFIO has a set of scenarios that can be applied depending on the market situation. This helps calculate order accuracy.

  • AI-based forecasting, together with auto-ordering, helps you buy as much product as you need and when you need it to meet seasonal customer demand.

  • The solution will help you adapt your assortment to market trends and the regional characteristics of your target audience.

Reach a balance between availability and fewer write-offs

Our E-Commerce retail customers typically enjoy the following results

8%

more sales

30%

faster turnover

50%

less overstock

80%

less manual labor

15%

waste reduction

50%

less lost sales

Case study

More cases
Reduced Overstock, and Improved Customer Satisfaction through Fully Automated Order Generation

National Toy's retail leader with 67 stores partnered up with Leafio in order to free up capital for further growth.

Toy Retailer

Improving Operational Efficiency through AI-Driven Forecasting and Replenishment

Novus Supermarket chain is one of the TOP retailers in the Eastern Europe market.

Supermarkets

Plum Market Cuts Store Planning Time in Half with Automated Planogram System

Plum Market - top 10 USA regional grocer. The company with 25+ multiple format locations in the US Midwest decided to enhance their merchandising process.

Grocery

More cases

LEAFIO top picks for you

At LEAFIO AI, we’ve accumulated a great deal of retail expertise. Dive into the resources our experts have authored for you.

The “dark side” of retail: industry challenges and specifics of inventory management for dark stores

Trends

The “dark side” of retail: industry challenges and specifics of inventory management for dark stores

Along with the obvious benefits and prospects of this quick commerce model, there are several significant challenges for dark stores to overcome for businesses to grow and make a profit.
8 Telltale Signs That Your Retail Business Needs Inventory Management Transformation

Trends

8 Telltale Signs That Your Retail Business Needs Inventory Management Transformation

8 key indicators a company needs to transform its inventory management system. Consider the critical changes in business processes that can help solve these problems.
Is unbalanced inventory "killing" your EBITDA? Part 1

Articles

Is unbalanced inventory "killing" your EBITDA? Part 1

The impact of unbalanced inventories on the business is enormous, although it is not obvious, and their size or cost are not reflected in the income statement.
Time for change: when retailers need to automate assortment management

Trends

Time for change: when retailers need to automate assortment management

Retail is in a constant flux of change and improvement. Here are the situations when retailer should consider implementing assortment management software.
How to Optimize Grocery Inventory Management: Insights and Strategies

Trends

How to Optimize Grocery Inventory Management: Insights and Strategies

What are the specific challenges retailers face in the supermarket vertical, and most importantly, how can they be addressed with the help of technology and artificial intelligence?

Check up the LEAFIO AI platform demo

Increase the turnover and profitability of your retail!

Your data is stored for business-to-business communication purposes. See our Privacy Policy

Trusted by

#
#
#
#
#
#
#
#
#

Industry recognition

#
#
#