BI Retail

BIRetail is a cloud-based data analytics platform designed specifically for retailers. It offers an integrated solution that automates data collection and daily refresh from multiple sources, enabling businesses to analyze and generate reports from consolidated information. The platform utilizes artificial intelligence (AI) and machine learning (ML) techniques to provide prescriptive solutions tailored to specific retail functions.

One of BIRetail's key offerings is a merchandising support system that generates daily replenishment lists for each store, considering factors such as demand, supply, priorities, and preferences. This system helps retailers optimize their inventory management and ensure the right merchandise reaches the appropriate stores.

Another notable feature is the personalized recommendation system, which leverages data science to showcase the top items that customers are most likely to purchase. This capability enhances the shopping experience and can potentially increase sales.

BIRetail's proprietary tool, transactive analytics, takes automation a step further by not only generating recommendations but also initiating necessary actions. The system monitors and escalates any incomplete actions, ensuring seamless execution.

In addition to these core functionalities, BIRetail incorporates dynamic recalibration capabilities, which are crucial for fashion brands. It factors in demographic and category-specific market trends, helping to reduce stockouts and improve sell-through rates.

A case study with Indian Terrain Fashions, a premium menswear brand, highlights the platform's effectiveness. By implementing BIRetail's solutions, Indian Terrain achieved a nearly 5% increase in its sell-through rate, leading to substantial cost savings.