Name: Aifora
Author: aifora

Help Desk

Kiosk

Web and Video Conferencing

Customer Support

AI Code Generation

Automation Testing

Beta Testing

Feature Management

Development

Virtual Classroom

Education

AI Document Creation

Business Intelligence (BI)

Collaboration

Demand Planning

Internal Communications

Knowledge Management

Quality Management

Supply Chain Visibility

Whistleblowing

Enterprise

Accounting

Cash Flow Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Monitoring

HR Management

Payroll

Talent Intelligence

Talent Management

Video Interview

Workforce Analytics

Workforce Management

eLearning Content

Human Resources

Blockchain-as-a-Service (BaaS)

Business Process Automation

Cloud Data Warehouse

Cloud Storage

Data Integration

Data Replication

Database-as-a-Service (DBaaS)

Embedded Database

Encryption Key Management

Fraud Detection

IT Alert Management

Integration Platform as a Service (iPaaS)

Network Performance Monitoring

OpenStack Cloud

Scale-Out Storage

Test Management

User Activity Monitoring

Value Stream Management

WAN Optimization

Web Content Filtering

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Email Marketing

Enterprise Marketing Management

Grant Management Software

Livestream

Marketing Automation

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Auction Software

Customer Relationship Management (CRM)

Sales Consulting

Sales Incentive Compensation Management

Sales Training

Sales

Agriculture

Inventory Management

Last Mile Delivery

Military and Defense

Online Ordering

Shipping

Vertical-Specific

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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.

QuickBooks Desktop Enterprise is a widely-used accounting package designed for small to mid-sized businesses. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory module for $999 / year.

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Diamond with Remote Access

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QuickBooks Desktop Enterprise

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Aifora

Inventory management systems are built to handle every stage of the inventory process lifecycle. There are several essential components to most inventory management solutions, starting with order entry capabilities to handle purchase automation. Another standard feature: inventory control and warehouse management to track products and manage workflows through warehouse management. Inventory management systems also typically include distribution capabilities for supply chain management. Fully-featured inventory management systems may also include integrations with customer lifecycle service management, enterprise resource planning software, and robust financial analysis and insights.

aifora

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Serial number and batch tracking

Track individual items via serial number or batches of items made or purchased at the same time in addition to total stock of item types.

Barcode scanning

The software offers UPC creation and scanning capabilities or integrations for tracking inventory.

Automation rules

Rules can be established to automate reordering items, applying tags to organize inventory, creating production orders, shipping items via specific carriers or methods, and more.

Reporting and analytics

Reports about historic and current inventory and order trends are available.

Fulfillment

When orders are received, pick orders are sent to the ideal location and fulfillment status can be tracked.

Backorder management

Backorders are prioritized and fulfilled as new stock arrives.

Returns management

Returns are processed and accounted for among orders and inventory.

Bill of materials management

The software can create and manage BOMs based on orders.

Item kitting

Items can be bundled and sold together in a kit, and the software will automate the necessary tracking and fulfillment steps to manage each individual item.

Invoicing

Invoices for orders can be created and sent, and invoices from suppliers can be managed.

Forecasting

The software predicts future inventory and order trends, and may offer reordering and production suggestions based on these predictions.

Accounting integration

The software integrates with accounting software for more comprehensive bookkeeping.

Point of sale integration

The software integrates with a point of sale system for payment processing.

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Aifora

Overview

What is Aifora?