Garvis

Garvis is an advanced demand planning solution offered by Garvis AI. According to the vendor, Garvis utilizes artificial intelligence (AI) to provide fast and accurate decisions based on real-time insights, data, and risk profiles, with the aim of improving forecasting accuracy and service levels while reducing inventory and stockouts. The product is designed to cater to supply chain professionals, demand planners, inventory managers, operations managers, and business analysts across various industries including consumer goods, food & beverage, industrial manufacturing, life sciences & pharma, and retail.

Key Features

AI-Driven Demand Planning: According to the vendor, Garvis leverages artificial intelligence (AI) algorithms to enhance demand planning accuracy, with the goal of reducing forecast errors by 30% to 40% and enabling better decision-making based on data and real-time insights.

Detailed Promotion Management: According to the vendor, Garvis allows planners to effectively manage promotions by incorporating them into the demand planning process. The platform enables the analysis and optimization of promotion strategies, aiming to accurately forecast their impact on demand and adjust production and inventory accordingly.

Extensive Portfolio Management: According to the vendor, Garvis provides extensive portfolio management features, enabling organizations to effectively handle changes in product, location, and customer combinations. Planners can seamlessly manage new product launches, phase-ins, phase-outs, and distribution network changes.

Demand Sensing: According to the vendor, Garvis incorporates demand sensing capabilities to improve short-term forecasting accuracy. Real-time signals, such as orders and in-market sales, are analyzed to better understand changes in demand. Planners receive alerts and notifications regarding problematic orders, enabling prompt actions to be taken.

ChatGPT Integration: According to the vendor, Garvis integrates with ChatGPT, a powerful language model, providing users with a natural and interactive interface to access AI-driven insights. Users can ask questions and receive answers in a conversational manner, facilitating easy access to valuable supply chain intelligence.

User-controlled AI: According to the vendor, Garvis empowers planners to understand the components of demand and gives users control over AI functionality and insights. This is said to facilitate more accurate launch and planning of new products and reduce safety stock by 4-5 days.

Direct Linkage to Inventory Planning and Re-order Planning: According to the vendor, Garvis connects demand planning with inventory planning and re-order planning, aiming to ensure better coordination between demand and supply. This is intended to facilitate efficient inventory management, reducing stockouts and overstocks.

Events Library and User-Machine (AI) Collaborations: According to the vendor, Garvis provides an events library for better understanding and response to market disruptions. The platform promotes collaboration between users and AI technology for improved decision-making, enhancing responsiveness to market shifts and changes in demand.

Effective Ramp-up of New Products: According to the vendor, Garvis assists in planning and launching new products, aiming to reduce the risk of costly mistakes. The platform provides insights and recommendations for successful product introductions and helps optimize inventory levels for new products.