The platform has state-of-the-art AI-based algorithms used for sales forecasting and inventory optimisation. It is tailor-made for various item types, such as standard items, slow-movers, seasonal items, etc.
Making purchase orders using the platform’s suggestions has not only proven to cut stock levels but also to decrease the number of stock-outs. It also decreases stock turnover time and helps warehouses run operations smoothly and avoid warehouse jams. Using state-of-the-art deployments on the cloud enables top-level service and allows customers to pay only for what they use, making the platform cost-effective. In addition, the platform boasts world-leading security and design.
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Our platform can predict demand with high confidence for up to 97% of the total items, taking off the burden from purchasing department by using historical and 3rd party data.
Stock-out or overstock risk is nullified by the daily stock monitor, one of the platform ‘s key components, which proactively tracks demand on every item, triggers and replans orders accordingly.
By constantly improving safety stock and keeping the monitor of market demand, our AI-based platform can help you avoid stock-out situations almost completely, lowering them by up to 90%.
In 1 to 3 months of productions, you’ll be able to completely change the structure of you inventory, so that slow-moving items don’t pile up anymore and your inventory is filled up with mid-to-high rotation items, which will help you improve inventory turnover for up to 2 times.
Our cloud-based platform is ideal for companies in a wide range of industries that need advanced optimization of their inventory and procurement processes. Key components of the solution are:
„We’re currently expecting to optimise purchase processes for at least 50%, with the expectation of having lower stock levels while, at the same time, not risking stock-outs, but in fact reducing them.“
„We know we have data that we can use more effectively. In our company, it’s a detail that matters. For example, bad weather during the weekend can reduce our business results.“
Analysing and defining the specifics of needs
Customising the solution and implementation
Building a scalable Cloud infrastructure
Maintenance and support
Requirements:
The platform doesn’t require specific versions of these technologies – however, it’s advisable to have the newest stable release of Spark that works with the newest stable release of Delta Lake.
BE-terna is one of the leading European integrators for business software solutions. As a full-service provider, the company specialises in implementing and optimising business processes on Microsoft and Infor-based ERP, CRM, and Big Data platforms. Customers include global corporations and innovative midsized companies, who want to gain competitive advantages by implementing and using modern, broad, and cloud-based business software applications. With a highly motivated team, consisting of 1000 consulting and technical specialists, and 70 committed partners in BE-terna partner network, BE-terna serves more than 1,650 customers mainly within internationally orientated projects. With a comprehensive portfolio of software products and services, and industry-specific know-how, BE-terna offers perfectly tailored solutions for manufacturing, retail, distribution, trade, banking, insurance and automotive industry.
