Software for Demand forecasting, optimal inventory / inventory management and Replenishment.
VERITICO STOCK is a software that helps companies with Demand Forecasting, Inventory Managgement and Replenishment. It uses mathematical models that take into account changing demand, raw material availability and production lead times. The software also optimizes inventory by minimizing inventory storage costs and maximizing the value of goods in stock. The system is so smart that it automatically selects the most appropriate model for calculation.
With this software you can rely on the following features:
- Automated forecasting method selection on SKU and location level
- Forecast reflecting trends, seasonality, holidays, promotions, etc.
- Demand sensing reacting on quick unpredicted demand changes
- Automated portfolio segmentation based on business strategy enabling setting different availability goals for different segments
- Shelf life management respecting product expiration
- Automated order creation respecting lead times, MOQs, packaging, logistics and financial limits, etc.
- Allocation planning in case of insufficient stock and stock re-transfering to other warehouses / stores in case of excessive stock
VERITICO STOCK is part of the VERITICO platform, so you can use this module on its own or as a large unit, where the often sough synergistic effect is achieved. The platform takes into account all possible influencing factors such as seasonality, product availability, price elasticity and competitor prices. It also takes into account the positive and negative impact of promotions. No matter what business you are in, the system is suitable for:
Thanks to neural networks and machine learning, VERITICO is constantly improving over time. And it does this just by using it. So, if you want to know the future demand and market forecasts with the greatest possible accuracy, and at the same time want to keep your inventory at an ideal level at all times, VERITICO STOCK is the software for you.
- 5% increase in revenue
- 45% shrink reduction
- 50% time saved on orders calculation