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3 Ways Artificial Intelligence Addresses Critical Areas in Supply Chain Response Planning
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- INDUSTRY
- DISTRIBUTION
React faster to changes that occur in supply and demand
ConverSight helps distributors mitigate risk with end-to-end visibility and real-time data on sales, inventory and distribution to transform the quality of planning required to meet customers demands and needs.
Transform the quality of planning required to meet customers demands and needs.
97
%
sales forecast accuracy
35
%
decrease in inventory costs
30
%
decrease in stockouts
25
%↑
increase in on-time performance
Streamline demand planning with AI-driven precision
- Quickly make adjustments to operations to accommodate changes in demand.
- Maintain the right amount of inventory without incurring shortages or wasting capital.
Stockout loss analysis
- Avoid poor planning with smart safety stockouts, sales forecasts, and proactive inventory turn rate analysis
- Navigate planned and unplanned disruptions with data captured continuously and in real-time to speed up responsiveness and improve agility.
Product availability projection
- Determine adjustments for forecasts down to the product group to retain the right level of inventory and customer satisfaction.
- Context-based hypothesis and forecasting delivers dynamic demand and supply forecasts in addition to automating the procurement process.
Make sense of your inventory data
Keep up with changing demand across countless SKUs, customers and vendors
When your company depends on successful movement of inventory, ConverSight provides the advanced analytics and automation needed for today’s complex supply chain.
Customers powered by ConverSight
Dr. Agarwal’s Eye Hospital
“ConverSight was able to figure out what was the right thing to do centrally; so if we are able to regionally come up with the proper data points and give this information back to our vendor ecosystem, we are able to optimize inventory, bring it down and give vendors advanced notices.”
Kiran Narayan
VP Supply Chain Operations
Small Lot Wine
“ConverSight has helped us keep our inventory levels as clean as possible. Athena is an intuitive conversational AI business assistant, sensing changes in demand and inventory to optimize your supply chain.”
Dustin W. Director of Technology and Operations
MavPak Inc.
“ConverSight and Athena is truly like having an additional team member that is constantly putting information in front of me to make sure I’m kept up to speed on what’s going on in our business.”
Nick Campbell Director of Operations
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