Navigating Retail’s Dynamic Demand with TAZI
Facing the Challenge
Retailers today are tasked with not only accurately forecasting demand but also maintaining strong customer loyalty amidst rapidly evolving market conditions and fierce competition. Traditional methods are no longer sufficient, leading to missed sales opportunities and diminishing customer engagement.
Widespread Automation Potential
%
of current work tasks in the retail sector could be automated by AI, with the potential to significantly increase labor productivity growth (in US and EU) (McKinsey & Company, 2023).
Widespread Automation Potential
%
increase in the productivity of the marketing function, of total marketing spending, offering opportunities for more effective campaigns and customer segmentation by GenAI
(McKinsey & Company, 2023).
Widespread Automation Potential
≈$310 billion
contribution in additional value for the retail industry by enhancing functions such as marketing and customer interactions by GenAI (McKinsey & Company, 2023).
TAZI’s AI-Driven Demand Prediction Strategy
TAZI’s cutting-edge solutions are designed to empower retailers with accurate sales forecasting and responsive inventory management, adapting swiftly to market trends and consumer needs.
Precision Sales Forecasting: Utilize AI to predict future sales accurately, enabling smarter inventory planning.
TAZI’s AI-Driven Demand Prediction Strategy
TAZI’s cutting-edge solutions are designed to empower retailers with accurate sales forecasting and responsive inventory management, adapting swiftly to market trends and consumer needs.
Optimized Inventory Management: Achieve ideal stock levels, reducing shortages and excess inventory.
Supply Chain Efficiency: Enhance production and supply operations for timely market response.
Waste Reduction: Decrease overstocking to minimize waste and associated costs.
Why TAZI in Retail?
- Advanced Analytics:
Tap into sophisticated AI tools for real-time market insights and consumer trend analysis.
- Personalized Marketing: Craft targeted marketing strategies based on AI-generated customer segmentation.
- Strategic Decision Making: Make informed decisions that align with evolving customer needs and market dynamics.
“TAZI’s remarkable ability to consider factors such as seasons, prices, marketing activities, and gift offers has resulted in a 98% prediction accuracy for 86% of hundreds of products in our portfolio.”
IT Manager – Commercial Products Lead
Discover the power of AI/GenAI in retail with TAZI.