Aifora

Aifora is a retail automation platform developed by aifora GmbH. According to the vendor, the platform utilizes artificial intelligence (AI) to optimize pricing and inventory decisions for retailers. It offers a range of solutions including price automation, stock automation, promotion planning, initial allocation, replenishment, and stock-rebalancing. The platform is designed to cater to retailers of all sizes, including brick-and-mortar businesses, online pure players, and omni-channel retailers. Professionals and industries such as retailers, merchandisers, pricing managers, category managers, and supply chain managers can benefit from using Aifora.

Key Features

Price Automation: According to the vendor, Aifora's AI-powered price automation analyzes customer behavior and forecasts demand per article, style, or SKU. It sets what it deems to be optimal prices for each location and sales channel to enhance profit margins or inventory. Retailers can manage all pricing activities on one platform.

Stock Automation: The vendor claims that Aifora ensures the availability of the right merchandise at the right place and time. It optimizes the distribution of merchandise based on accurate order proposals, taking into account factors such as consumer demand, inventory levels, promotions, events, and supplier lead times. This is aimed at reducing lost sales from out-of-stocks and minimizing waste from over-stocks.

Promotion Planning: Aifora enables retailers to create customer-oriented sales promotions, utilizing data mining technologies and external market data for optimal recommendations. Retailers can analyze the effectiveness of promotions and plan future campaigns accordingly, with the goal of increasing customer demand and loyalty.

Initial Allocation: According to the vendor, Aifora automates order quantities, delivery split, and dynamic article clusters. It determines what it considers to be optimal order quantities based on demand forecasts and pre-season planning, adjusting calculations according to various factors such as price, promotions, seasons, holidays, and other events. The aim is to achieve the lowest costs, minimum discounts, and maximum profit through accurate allocation.

Replenishment: Aifora claims to maintain efficient inventory planning and predict order demand, aiming to prevent shortages and surpluses through demand-driven inventory management. It integrates with other modules for markdown optimization and allocation, providing early warnings for adjustments and countermeasures.

Stock-Rebalancing: According to the vendor, Aifora optimizes inventory management across sales channels, aiming to minimize imbalances through intelligent stock transfers. It takes into consideration factors such as sales potential, costs, and benefits of article transfers. The goal is to reduce transportation costs and provide an optimal customer experience.