RoboBuyer offers retailers two options in their procurement:
The Minimum Stock
Analyze past sales logs and compute the minimum quantity to be held in stock: consequently, it will order only those products absolutely necessary to fulfill expected demand.
The Fixed Purchase Budget
Logic maximizes the expected margin, given a certain purchase budget. Similar to the Minimum Stock logic, the Fixed Purchase Budget logic analyzes past sales logs to estimate the sales probability distributions of each pair product/warehouse.
Build a safety stock volume
The RoboBuyer algorithm analyzes
Average sales and the lead-time between an order placement and the actual arrival at the warehouse
The maximum quantity sold in a speciﬁc time range, for every item and at every warehouse. The lead-time is derived from historical orders with a weighted average, managing any arising possible conﬂicts.
Analyzes past sales logs and computes the minimum quantity to be held in stock: consequently, it will order only those products absolutely necessary to fulfill expected demand.
Leverage an accurate change forecasts engine
To help retailers and manufacturers create more accurate forecasts, the RoboBuyer change forecast model analyses
Every historical series of product/warehouse pair to detect periodic phenomena for increase/reduction of sales (for example items that are sold more in the summer or winter)
The average sales and the lead-time between order and arrival of goods in stock. In addition, the algorithm identiﬁes each product’s sales probability distribution and adapts the purchase order to different sales level
RoboBuyer allows users to modify the sales level, service level, safety stock and other parameters to plan for future events affecting sales, including campaigns and promotions.
ORS products fully integrate with your legacy systems while enabling you to drive impactful business transformation across your value chain.