Onebeat is created an AI-driven retail technology that uses short-term predictions to translate customer behavior into real-time day-to-day actions that maximize sell-through and overall sales. With AI algorithms they optimize the whole retail process, all the way from initial product allocation to replenishment to liquidations. They break the product down into basic attributes, then adjust the amount of inventory in different retail segments such as fashion, luxury goods, consumer electronics, DIY, and more.
“The greatest achievement was that production, logistics, and sales all came together to work toward the common goal of "never running out of stock", by making the three-color priority list shown by Onebeat the common language of the entire company, the inventory situation became visible, and the actions to be taken became clear. The appropriate inventory was then defined, and we were able to create a situation where we did not run out of stock while drastically reducing inventory. We will continue to raise the level and improve our ability to respond to demand fluctuations.”
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