One smart engine for initial distribution, replenishment and redistribution
Static replenishment (old)
• Dynamic AI driven replenishment (new)
WAIR takes fashion inventory management to a higher level with deep Learning demand forecasting. Solving the limitations of standard forecasting methods, we deliver on the promise of the newest technology. We bring together retailers, brands, and ecosystem partners in their need of transforming towards an AI-driven business.
It all starts with exceptionally precise SKU-shopfloor or channel demand forecasts, ranging from a single day to a 6-week span. This helps multiple use cases such as replenishment, channel reservation, and stock redistribution.
WAIR’s demand forecasts are translated to stock-level recommendations for initial distribution, replenishment and redistribution. We move your processes from static into highly dynamic. Based on the reality of your customer demand.
Our forecasts accurately predict up to 96% of all SKU-store sales (1 week). But in inventory management, it’s the ROI that counts. We push to find the optimal balance between over- and underprediction, acknowledging that no prediction is ever perfect.
With our forecasts pushed directly to your ERP, there is no interference in your current processes. Experience higher responsiveness in replenishment, redistribution, and channel reservation.
Our forecasting goes hand-in-hand with smooth ERP integration. With minimal implementation costs and a near plug-and-play setup, there’s little need for ICT involvement. Our usage-based pricing makes our technology accessible for businesses of all sizes, and best of all, there’s no vendor lock-in.
Without thorough domain knowledge of the data and its business context, reaching breakthroughs is hard. In the WAIR team, we have more than 100 years of retail experience, deeply understanding the retail industry.
1,700,000 parameters WAIR GPT-2
We are in the midst of a seismic shift. The intelligence of AI models is advancing at an unprecedented pace, and it’s changing everything we thought we knew about model development. Models like ChatGPT have set a new standard for smart technology.
Our own ForecastGPT-2 already outsmarts every alternative on the market. We’re combining pooled industry data, advanced deep learning technology, powerhouse computing, domain expertise, and insightful features to build an AI model that’s best in class. This is reflected in the number of parameters our models contain. It indicates its ability to learn, adapt, and make accurate predictions. They encapsulate the ‘knowledge’ that the model has acquired from the training data.
The times of isolated models, each trained on one client’s dataset is behind us. Large and diverse datasets increase accuracy and minimize bias. The future is in pooled industry data. As the world grows increasingly interconnected, so too should our approach to data analysis and processing.
This idea is as simple as it sounds: we process all our client’s data as one entity to train a unified model. No single business has enough data to capture a complete view of local, regional, and national trends to forecast demand accurately. Therefore, the Industry needs to work together in order to change. With our approach, we bring together retailers and brands, by breaking down the silos and creating a mutually beneficial network.
Smart models like chatGPT are capable of handling multiple tasks. The old method of using separate models for different use cases (like replenishment, redistribution) has shown severe limitations and lacks further evolution. We are at the forefront of this change with our unified model approach. One model to handle multiple tasks, eliminating the need for customization and maintaining a holistic view of your business. The transformation of the industry is well underway, with pioneers like Shein and Walmart leading the charge- we follow their path. Bringing enormous potential of lost profits back to our clients wallets.
In the world of deep learning AI, features are the key elements for success. They’re the pieces of information that the model uses to make a prediction. We don’t have to limit ourselves when it comes to the use and selection of features. We are harnessing the power of both internal and external data sources and work with over 100 of different features. Some examples: product sales history, prices, sizes, location, day of week, first sales, weather, seasonality, etcetera
1,700,000 parameters WAIR GPT-2
We redefine the boundaries of conventional forecasting models. Through innovative technology and unifying the fashion industry (retailers & brands), we provide precise SKU sales forecasts, from a day up to six weeks.
The AI Replenisher makes replenishment recommendations for 240 physical Shoeby stores at SKU level. This led to a 4% increase in inventory turnover, a 2% reduction in end-stock, and a 3% growth in total revenue.
OFM was using a traditional replenishment system to keep the initial distribution intact without adapting stock levels based on demand.
Daka reduced overstock by 47% percentage point and solved the edge case of seasonality
Unleash the power of AI within your processes. Let us do the work we are good at.