Knowing today what customers will buy tomorrow is the dream scenario for any retail company. This allows for sensible ordering of goods and efficient design of the supply chain. The Austrian market leader in food retail, SPAR, knows how to implement this and is breaking new ground in collaboration with paiqo through AI-based demand forecasting. SPAR relies on an intelligent supply chain using artificial intelligence (AI) in the Microsoft Azure Cloud. The benefits are manifold—not only for the company, suppliers, customers, and employees but also for the environment. Precise demand forecasts better meet customer needs, improve planning, and minimize food waste. The bottom line is: 60% cost savings per year and 90% prediction accuracy through the Data & Analytics Platform and Artificial Intelligence.
“The added value of the intelligent supply chain for retail is immense: It is obvious that efficiency is increased and costs are reduced. But we also learned from it: When the cloud and AI come into play, you suddenly realize what is still possible in process optimization!”,
– Stefan Edelmayer, Head of Data & Analytics at SPAR ICS