Dallas, Texas-based Logile has announced the availability of its new Forecasting Pilot program available to retailers. Retailers can sign up and use AI and ML-driven metric forecasting through an automated self-serve platform.
Forecasting accuracy is critical to retail decision making and operational efficiency in today’s ever-changing environment. Pilot participants can opt for eight weeks of daily forecasts for up to 100 locations and 10 metrics. Results will be published to the participants within seven days after submitting their parameters and historical data.
“Now more than ever, the ability to accurately forecast demand and labor requirements is critical to retailers’ success navigating economic and market volatility, controlling labor costs and preserving service levels. We welcome you to experience the accuracy with your own data – and with complete privacy, access control and security – the power of the Logile Forecasting Platform as the most accurate and intelligent forecasting platform available today in the industry. We are excited to provide this complimentary forecasting pilot program with no obligation,” said Purna Mishra, founder and CEO.
“We are confident retailers will be intrigued and delighted when they compare our automated forecast results with their actuals and legacy forecasts. Our mission is to help retailers thrive with the best available tools, and this pilot should provide a window into what’s possible. Our enterprise forecasting solution introduces many additional features that bring even more precision to the game.”
Highlights of our platform:
- Completely integrated with weather and climatology to support seasonality and weather-bound shopping behavior;
- Full forecasting solution drills down to the SKU and UPC level with forecasting support at sub-category, category and volume group level;
- Continuous reforecasting and self-learning that improves over time translate into forecast accuracy improvements of 15-20 percent for the average business; and
- Provides additional understanding at each individual layer and what that layer contributes to the forecast, such as weather, promotion, special events, holidays or days of the week.
“I highly encourage any retailer to take advantage of Logile’s free Forecasting Pilot offering as an easy opportunity to experience the solution’s power,” said Steve Netherton, CIO, VP of continuous improvement, Vallarta Supermarkets.
“Vallarta relies on Logile Forecasting to deliver incredibly accurate forecasts and real-time reforecasting that drive optimal labor planning, scheduling, task management and customer service delivery. The solution’s AI and self-learning capabilities are top of industry.”
For more information or to sign up for the Logile Forecasting Pilot program, click here.