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.
“We are managing more than 50 warehouses throughout our supply chain; they are based across Europe. All of them are managed entirely from our central office in Vilnius through one system: Onebeat. By integrating production facilities in Europe into our supply chain, the time between order and delivery has been reduced from three weeks to one week. Using Onebeat, we are able to control the inventory across the whole supply chain. This is the future for every organization that wishes to remain ahead in today’s competitive environment. We cannot imagine our company working via the old methods in which orders are planned from previous sales.”
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