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Recent Posts by Antuit Insights
While it may be new for some, AI pricing is already proven in the market and listed as a top AI technology for companies. But for those familiar or unfamiliar with the solution, what can you expect? And what does antuit.ai’s solution deliver?
Why Santa Uses Antuit.ai
on December 18, 2020
| By Antuit Insights
Santa believes in antuit.ai! See why the world’s largest toymaker uses antuit.ai to assist in his planning and supply chain operations.
Charts: 2020 Retail Sales Impact
on November 20, 2020
| By Antuit Insights
Countless headlines shouted about 2020 retail sales impacts, but how dramatic have those impacts been? What does a 30% increase in growth mean to business operations? Have things begun to stabilize or normalize? What are retailers and consumer products companies that supply those retailers doing to adjust? Based on US Census data and other industry sources, the charts below provide a visual representation of 2020 retail sales and information on what to expect going forward.
Fashion Retailer Improves Inventory Performance and Increases Weekly In-Season Sales with AI-enabled Markdown Optimization
on August 7, 2020
| By Antuit Insights
REPRINT: As seen in: https://www.sdcexec.com/warehousing/article/21159637/antuitai-fashion-retailer-improves-inventory-performance-and-increases-weekly-inseason-sales-with-aienabled-markdown-optimization
Who: $2.5B omnichannel fashion retailer with 40% of revenue from online
Challenge: Optimize the revenue from in-season clearance across all channels for all brands
Solution: Replace manually-intensive Excel tool with AI-powered markdown optimization solution
- Results: In-season clearance and fulfillment optimized with AI-driven pricing recommendations:
80% increase in week-to-week sales for a pilot using two season codes - Non-pilot codes experienced 28% decline over the same period
- 250% improvement in turns without sacrificing margins
- Pilot implementation delivered in under 4 months
The Challenge
Overcome multichannel inventory management challenges to optimize in-season sales
With growing eCommerce channels and increased online shopping behavior, omnichannel retailers are grappling with the increased complexity brought on, in part, by the combination of possibilities for direct and in-store fulfillment. Siloed decisions around allocation, promotions, in-season pricing and, especially, inventory transfers fail to capture the opportunity for margin improvement that lies in the interconnectedness of online and stores.
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