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Foresight AI Demand Forecasting & Planning System

Status: Unverified

The Foresight AI Demand Forecasting SaaS system from RazorThink will dramatically increase your sales and profits by reducing out-of-stocks and over-production. Powered Artificial Intelligence, Foresight accurately forecasts sales demand for the entire product line, and does this down to the individual buyer level. This AI product will be configured to match your unique approach, process and workflow. NetSuite users have the #1 ERP, and now that RazorThink’s Foresight system is integrated with NetSuite, you have best and exclusive access to the most powerful and accurate Demand Forecasting system in the marketplace.

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Description

Achieve Better Forecasting Results Immediately

Powered by Artificial Intelligence, the Razorthink’s Foresight AI system accurately forecasts sales demand for a brands entire product line and does this down to the individual buyer level, including new products where there is little or no historical data. This AI product will be configured to match your unique business approach, processes, and workflow. This ensures quick and easy adoption.

Key Benefits

  • Increases sales and profits
  • Delivers the most accurate forecast possible
  • Forecasts new products/styles with little or no history
  • Reduces out-of-stocks and over-production
  • Provides Forecast for each product/style by SKU for each buyer
  • Automated inventory optimization and purchase order generation built-in

Increase Sales & Profits with the Foresight AI Predictive System

The Foresight AI Demand Forecasting SaaS system is configured and automatically tuned for each individual company’s products/styles and customers. Foresight AI builds demand forecasts by connecting to the NetSuite ERP, and other important internal and external data sources.

FEATURES

Accurate Forecasts Fast & Continuously Improving

  • Reduces workload for planners and buyers
  • By continuously ingesting updated customer and market inputs, Razorthink Foresight continuously learns and fine tunes the AI to provide the most accurate Forecast

Seamless integration to multiple datasources

  • Ingest data from multiple sources like the NetSuite ERP, Amazon and Walmart channels, Neilson/IRI, NDP and any other important external or internal sources.
  • With support for complete UI customization, adoption of the app becomes easy and there will be minimum disruption to the teams.

Forecast provided for each buyer/channel at the most granular level

  • Forecasts new products/styles with little or no history
  • Forecasts are provided for each product/style by SKU
  • With behavioral AI, we model each customer and channel's behavior which creates the most accurate forecast possible down to the SKU level.

Demand Forecasting for Multiple Industries

Since 2015, RazorThink has focused on excellence in demand forecasting, working with companies selling primarily through Amazon and companies in the following industries: manufacturing, apparel & fashion, CPG & FMCG, durable goods, mobile phone, Pharma, and banking. Our apparel & fashion clients are particularly interesting because they launch 60-90% of new products/styles each season, making it the toughest industry to produce accurate forecasts.