Manage Inventory and supply chain by harnessing AI; Here’s How!

The world of AI has finally risen with the dusk of the 21st century. It is a universal fact now, guys. AI is the present and future of technology. Especially the technology that is associated with supply chain and inventory management.

Here’s a brief yet in-depth review of how AI can be used for supply chain and inventory management to understand this fact better.

The impact of COVID-19 on global inventory setups

No one expected COVID-19. It was extremely sudden. Just a week before the pandemic outbreak, the world was working in its routine. To be clear here, we are focusing on the retail world more.

Ass soon as the pandemic hit, everything shut down. You can already imagine how difficult the initial phase of the pandemic was. No one was allowed to go to the inventory. The supply chain operations collapsed. That was when the world decided to harness the power of AI for supply chain and inventory management.

Here are some solid steps you can take to automate your retail inventory setup as well,

  • Add credibility to the inventory management system

Do you know what the best thing about introducing AI and cloud-based setups in your business model are? It’s the credibility and ease of doing business. You don’t need to go through tons of paperwork to get a specific transaction slip.

All of this can be done in a matter of seconds with the help of AI. Plus, the reports generated using AI are super credible and can be sent directly to a partner authority.

  • Boost the warehouse efficiency

The pandemic is almost over, guys. The world is getting back on its track. Do you know what this means? This means that the market is set to get a lot of potential boosts because of the higher demand for products and services. In other words, it’s time to work harder to meet all those increasing orders.

But if your warehouse or inventory model is still old school, how will you be able to cope with this boost? Simple, you need to integrate AI-based modules in your working units. The AI will boost your warehouse’s efficiency by unimaginable numbers!

  • Cost efficiency

This is an essential aspect for both start-ups and established corporations. The start-ups need to save assets to be used for rainy days, which are a lot in the initial days of business. Corporates need to do the same to invest the money in various ventures.

The best option you can go with is AI integration to get a more cost-efficient setup. One, it will save the potential cost of the workforce. Second, the automation of the whole operation will save assets and time simultaneously.

 

  • Everything is on time with automation.

That’s right, when you have an integrated AI inventory management setup; everything is on time. Every order will be processed according to the respective order number. In other words, everything will be streamlined. With inventory management systems where human interaction is in the majority, the delay is pretty natural and obvious.

 

Final Note

Haven’t you switched to AI-based inventory and supply chain systems yet? You already are super late from your competitors. Contact us today so our experts can figure out the best approach for your business now. Don’t worry, and we have got the expertise!

AI is the present and future of technology. Especially the technology that is associated with supply chain and inventory management.

Here’s a brief yet in-depth review of how AI can be used for supply chain and inventory management to understand this fact better

 

 

 

 

How Cloud is changing the Retail Sector?

You might have heard this phrase countless times already, ‘AI is the future. It turns out this phrase is 100% accurate. AI and cloud-based modules are shaping the end of the retail sector in particular.

How is that so? Well, we will discuss the same thing in detail today. There are countless ways through which AI is achieving this. But we have filtered out the top 5 impacts of cloud computing that are changing the future.

  • Inventory management

This one is specifically for product-based retail businesses. You have got everything in your hand. There is a solid social media presence, an excellent tech team, and a substantial warehouse. But do you think you will be able to deal with all the potential orders without proper inventory management?

Well, the answer to that question is no. If the inventory isn’t organised, how can you find the right products to ship at the hour of need? To be contained within your list, you need some cloud-based modules working in the backend no matter what.

  • Data security protocols

Data phishing and information catfishing have become a real issue in the modern-day world. Without a doubt, technology has countless positive impacts on both businesses around the globe and everyday uses. But we can’t practically deny that accessing and safekeeping data isn’t easy today.

Surely you can get antivirus premium services or even hire a CTO with specifically related expertise, but these options are pretty expensive. Plus, you won’t be getting targeted by phishing attacks 24/7. So, a more cost-effective option will be to introduce cloud-based setups in your working model. The response and tackle will completely be automated.

  • Customer-focused work patterns

You need to understand, guys, you can’t do everything simultaneously. You need to divide your business working model into specific sections. Each of the teams will be monitored by particular individuals making a work pattern for your company. But all of this is not achievable with the help of the workforce alone.

You need a complete system that will automate the whole process up to some pretty solid level. Got any options in mind? Yes, we are talking about cloud modules and their excellent automation responses. You need the right experts to integrate the modules.

  • Disaster management setups

Hold on, guys, the term disaster isn’t referring to a cyclone or any other natural anomaly. We are talking about system-related disasters. Think about it; everything is going great with your retail business. The orders are getting delivered on time, the consumers are giving positive feedback, and your business is growing.

But unfortunately, one the whole system crashes down because of some malfunction. Within a state of panic, you won’t be able to get the system back up before a couple of days. You know what two days of the shutdown will do on a competitive market-like day. To be prepared in advance, you can use cloud modules to manage the disaster in an automated response pattern.

  • Traceability and credibility

No need to go through all that paperwork just because you wanted to trace back the details of a particular transaction a couple of months ago. With proper cloud-based modules, you can trace this data in a matter of seconds with absolutely credible results.

Final Note

Yes, we know how fantastic cloud computing technology is. That’s why we are ready to equip you with the cloud technology your business needs at the moment. We are available 24/7 for the service, and our contact details are given below!

 

How Cloud Computing is helping Grocery Apps optimize their supply chain

The grocery sector has seen a huge shift in consumer behavior as more prefer buying it online now. With the changing consumer behavior, marketing their services is no longer a challenge for grocery delivery apps. 

The focus has now shifted to managing internal capacities and labor resources to fulfill demand and scale effortlessly. 

Not having access to a supportive infrastructure can affect the supply chain in terms of lower efficiency, incoherent scheduling, and longer delivery times. 

For this reason, more and more grocery delivery companies are now adopting cloud solutions to overcome these and many other restrictions. 

Below are some common ways grocery delivery apps utilize cloud computing for a more coordinated supply chain. 

 

Route Optimization

With the need to stay agile and scalable on-demand, route optimization is not a simple process of finding the quickest route to delivery anymore. 

As companies work with multiple distribution centers, millions of brands, products, and SKUs, and limited resources, route optimization has become a more complex area of management. 

With cloud computing, grocery apps are able to assess, analyze and utilize real-time order-related data to allocate their resources. 

AI-powered data analysis, allows grocery apps to seamlessly deliver orders in time with the help of automated sequencing, task syncing, and order fulfillment scheduling. 

 

On-demand scalability

Delivery apps that promise quick deliveries within 30 minutes or one hour face the biggest hit when it comes to sudden spikes in demand. 

This was the case during the early stages of the pandemic as millions of shoppers switched to online grocery delivery apps. To stay competitive, grocery delivery companies have to remain prepared for such spikes in demand. 

Cloud computing offers just the right infrastructure as it can be seamlessly scaled and downsized as needed. With AI-powered data extraction and analysis tools, it helps companies deal with not only resource allocation but also the spike in order data that comes with sudden demand surges. 

As more order data needs to be utilized to optimize delivery systems, a non-scalable infrastructure can lead to downtimes. The main benefit to cloud-based infrastructure, for this reason, is that it can handle any amount of order data and offer an unlimited capacity to optimize routes, schedule tasks, and sync orders seamlessly at all times. 

 

Auto-scheduling

Manual allocation of resources can be highly cost-ineffective and time-consuming. Cloud solutions utilize time-slots and automatic scheduling to keep all delivery tasks synced seamlessly to bring up efficiencies. 

By tracking important data such as rider availability, production capacity or inventory levels at each distribution center, and fulfillment times for previous and pending orders, cloud solutions assign much more accurate delivery time slots to orders. 

Such real-time, data-intensive tasks are hard to carry out manually and are prone to human error as well.

 

Inventory Management

While there are now many inventory management systems available to optimize delivery systems, grocery delivery apps have more complicated needs. 

When it comes to 30-min delivery fulfillment, a simple track, reorder, restock inventory system does not work. Such apps typically work with multiple distribution centers, which means their inventory data must be seamlessly integrated with the resource allocation system. With cloud computing, real-time inventory data can be tracked and utilized to make better delivery and resource allocation decisions. 

With Cloud computing, real-time inventory data can be tracked and utilized to make better delivery and resource allocation decisions. It is all the more reason why there is a need to incorporate Cloud Technology in Grocery Business.

By tracking important data such as rider availability, production capacity or inventory levels at each distribution center, and fulfillment times for previous and pending orders, cloud solutions assign much more accurate delivery time slots to orders. Cloud technology is here to stay in the time of Pandemic. This is all the more reason why you need to incorporate Cloud in your Grocery Business.

 

Cloud Technology is helping Grocery Delivery Apps optimize their operations – Here’s How

 

Cloud Technology is helping Grocery Delivery Apps optimize their operations – Here’s How

With more startups entering the on-demand delivery market, surviving the competition has become a priority for existing grocery delivery apps. 

There is no doubt that all grocery apps aim to grow by scaling their capacity. However, a rigid infrastructure with insufficient support tools can restrict the scalability of such companies. 

Below are some ways cloud computing is helping companies overcome these restrictions without compromising on the customer experience.

Quicker Delivery Routes

With the rising competition and consumer demand for speed, every grocery delivery app is facing multiple challenges in optimizing its operations. 

On one side, companies have started offering quicker delivery times to survive the saturated market. 

On the other side, more and more consumers adopting the on-demand delivery apps has put a strain on the available resources. This has created a new challenge for delivery apps to maximize their operational efficiencies to better fulfill the demand.

Cloud computing is helping delivery apps do just that with the help of route optimization. As more orders enter the pipeline at a single time, allocating delivery resources efficiently becomes more complex. 

With the help of data extraction, data analysis, and machine learning, cloud computing helps with prioritizing orders and finding the best routes. 

All on-demand grocery delivery apps have to assess, analyze and utilize real-time order data to optimize their delivery routes. 

Going through this data in real-time, ranking it to understand delivery times, allocate resources, and schedule prioritization for each order is impossible without supportive infrastructure. 

By carrying out these tasks on a central location that is also instantly scalable, grocery delivery apps are able to unwrap millions of data pieces every second without overwhelming their existing software.

AI-powered Automation

There is no doubt that delivery tasks are not easy to automate, given the human resources needed for each order fulfillment. Being labor-intensive and requiring multiple steps to delivery is one of the biggest limitations of modern delivery apps.  

High-level decisions like which order to prioritize first and how to allocate orders to each rider require a lot of real-time data. With the help of AI and data analysis, cloud solutions offer automated scheduling and task syncing that allow a more seamless flow of delivery. 

The AI infrastructure helps grocery delivery apps utilize the quick calculations that are driven by multiple factors, including order delivery time, fulfillment of the previous order, and rider availability at each distribution center.

Improved Scalability

Working with multiple distribution centers in different locations can make the delivery system more complicated. 

Without real-time data exchange between each distribution center and resource allocation system, quick delivery times cannot be achieved. 

Cloud computing solutions that are specifically designed around the needs of delivery apps and route optimization help track important factors that affect resource allocation.  

By making the data related to inventory levels, production capacity, available labor, and other resources readily available on a central location, cloud computing allows effortless scaling.

More and more grocery delivery apps are now able to scale seamlessly to other cities and countries without facing any allocation issues. 

This allows companies to focus on the customer experience and fulfill their service-level responsibilities without worrying about their backend capacity and resources.

By making the data related to inventory levels, production capacity, available labor, and other resources readily available on a central location, cloud computing allows effortless scaling.

 

How Grocery Apps are Leveraging cloud solutions for timely and efficient resource allocation

With digital transformation and agile development becoming the new norm for every industry, on-demand delivery companies are facing a new challenge. 

As more consumers demand speedier deliveries, managing orders in a time-efficient way is important to survive in the saturated market of grocery delivery. 

However, even the best grocery apps run into problems related to data management and fail to fully utilize their order data to optimize delivery routes. 

Along with route optimization, automating the labor-intensive, manual tasks of scheduling and syncing orders is also a newly arising problem. 

 Given the interlocked problems, modern grocery delivery apps have found a way to streamline their resource allocation process by adopting a more supportive software infrastructure.

Below are three common challenges cloud computing is helping grocery delivery apps overcome to make their backroom processes more synced and streamlined.

 

Data Visibility

Grocery delivery is a data-intensive industry that deals with millions of data pieces every second. Having access to the right data in real-time can mean the difference between a good and awful customer experience. 

Keeping a check on inventory levels of each brand, product, and SKUs at each distribution center is important to allocate orders to the ride carriers. However, the task can be restrictive and slow without proper integration of all data coming through different vendors and channels. 

A cloud-based infrastructure allows grocery delivery apps to gain better data visibility in terms of internal capacity, pending orders, and carrier availability. 

When resource allocation systems gain better data clarity, it starts the ripple effect of improved efficiencies throughout the supply chain. One of these improved efficiencies is task syncing which is explained below.

Task Syncing

Multiple factors need to be assessed before an order can be fulfilled. To ensure the quickest deliveries, delivery apps must utilize real-time data related to the distribution centers, order details, and rider availability. 

Real-time data exchange between distribution systems, order fulfillment pipelines, and the resource allocation system is essential to sync each order seamlessly. 

By putting all orders in a streamlined pipeline, grocery apps are able to schedule each delivery more accurately and save time. 

However, this cannot be done with software that is not cloud-based. 

 By providing a central location to share and access data, cloud solutions allow resource allocation systems to access the data related to the inventory levels, distribution centers, and backroom capacity. 

This helps grocery apps route the order to the most relevant carrier and distribution center to avoid any order delays.

Vendor Aggregation

Things can become complicated as delivery apps start working with multiple vendors with their own varying internal capacities, inventory, and pricing. 

This brings a real challenge in integrating real-time data from thousands of different vendors. By adopting cloud technologies, vendors can connect parts of their inventory, capacity, pricing, and availability without worrying about security. 

As soon as there are any changes in a vendor’s data, it can be automatically updated on the app in real-time. This allows grocery apps to scale their operations without worrying about any misallocation within the supply chain.

 By putting all orders in a streamlined pipeline, grocery apps are able to schedule each delivery more accurately and save time with cloud technology. 

By providing a central location to share and access data, cloud solutions allow resource allocation systems to access the data related to the inventory levels, distribution centers, and backroom capacity. 

The Benefits of Cloud Tech you didn’t know existed for Retailers

Innovation changed the world completely. Just a century ago, the things no one imagined are happening today. Humans have evolved to become the digital species of this planet.

Like all fields of life, the retail sector is also significantly affected by technological advancement. The introduction of cloud technology is streamlining the retail business to reach new heights of success. Here’s a summary of some unique benefits associated with cloud tech in the retail industry,

  • Accessing your store from around the globe

The retail industry has indeed flourished. The major credit for this goes to the rise of eCommerce throughout the globe. But at the same time, the competition within the market has also skyrocketed. Even niche-based markets are packed with start-ups selling goods of all sorts.

You need to be all-time active in a concentrated market like this to access your store or website. This can be only possible if you have integrated cloud-based modules within your working setup. The module will be monitoring the work throughout the day.

  • Improving the customer service

In the retail business world, which is the ultimate unit of success? Various retailers will suggest multiple answers. But according to experts, the consumer is the maximum unit. If the consumer is satisfied, you will get all the orders you are willing to deal with. Plus, it will be free marketing for your business as well.

According to verified survey reports, the best way of improving your customer service is to improve the response rate. This can be done with the help of an automated AI cloud bot. The response will be funky and swift. This is all a consumer demands!

  • Streamlining organisational communication

This particular feature is suitable for large-scale corporations. When we talk about a corporation or an organisation, we talk about an empire. A company is working with the help of a considerable number of employees. Each of the employees plays their part according to the organisational hierarchy.

Within this pyramidal scheme of organisational hierarchy, effective communication is a must. If an issue arises, the communication pathway must be automated or streamlined. This is only possible with integrating AI cloud-based units within the path. Plus, you will save a lot of time with the help of automated indicators.

  • Getting regular insights for your business

Think for a moment. You have a fantastic business boost going on at the moment. Everything is going great; the orders are fluent and everything. In your mind, you believe that you are doing quite well, and this will be an excellent financial year.

But once the records are taken out, you don’t know what is going around! This is a classic example of business mismanagement and how you can lose a significant portion of your profit due to this. Get a cloud-based module working for you and say goodbye to such an outcome forever.

  • Digitalizing the work setup

This is something you need to do in respect of the ever-changing trends of the 21st century. It is not an option anymore; your business needs that digital imprint, or it’s all over. By doing so, with the help of cloud technology, you will be saving a lot of assets that can be used on other portions of the retail model.

Final Note

Are you already excited to get cloud-based solutions integrated into your work setups? That’s great! It is finally time for you to call us to discuss your business models and possible requirements further. We have got all the experts and expertise in cloud modules. 

The introduction of cloud technology is streamlining the retail business to reach new heights of success. Here’s a summary of some unique benefits associated with cloud tech in the retail industry.