Gazelle Information Technologies

Gazelle Supply Chain Consultant

Artificial Intelligence Uses

Tushar Ahuja

Artificial Intelligence Uses

Optimizing Inventory

 

AI can help use historical data to predict what purchases a customer is likely to make and when they make them. For example: Amazon does this often to support its registered sellers.

 

  1. Predicting Demand Shifts

 

Using advanced analytics, it can predict demand shifts according to weather conditions & other factors which impact customers’ buying behavior. For example: Medicine delivery apps like 1Mg do this to notify users about refills.

 

  1. Detecting Fraudulent Orders or Transactions

It also identifies fraudsters who might try to buy your products with stolen credit cards. For example: Amazon utilizes this feature.

 

  1. Improving asset utilization rates

 

From raw material to stock data, AI will tell you how much to keep and when. For example: Amazon, Walmart utilizes this feature to upkeep warehouse logistics.

 

  1. Improve customer satisfaction rates

Using stats, you can learn how to keep your customer’s in-store longer and increase the likelihood of them making purchases. For example: Fashion shopping apps like Amazon, and Shein use this feature to show suggested items for next purchase