The Remi AI Demand Forecasting Module was able to improve business processes by offering an average of 20% improvement in forecast across the range.
Client: One of Australia’s largest wholesalers supplying some of Australia’s largest companies
Challenge: Powerful customers, antiquated forecasting and replenishment systems, and inefficient working capital
Solution: Remi AI Demand Forecasting Platform
The client was in a state of flux, acquiring new businesses, and trying to keep all customers happy in the process.
One of the first cabs off the rank as part of their new technology strategy was to implement the latest in artificial intelligence demand forecasting methods to begin to align their inventory operation with the market leaders.
Remi AI was engaged to help the client in this endeavour, and began by connecting the client to the Remi AI demand forecasting suite.
The operational side of the Remi team also helped the client change their forecast schedule from monthly down to a weekly cycle which leaves the door open for regular replenishment optimisation decisions to be made as the client executes their technology transformation.
The results of this project were delivered via the forecasting module in the Remi AI platform (example above) which can be connected directly to the client’s ERP to facilitate batch ordering and safety stock calculations.
The operational and technological changes implemented for this client have provided an average increase in forecasting accuracy of 20%, driven more efficient inventory management and business planning, and allowed the client to test the world of A.I in their business operations.