Scanning devices using artificial intelligence for better demand forecasting
Nah&Frisch
Description
Circly has brought artificial intelligence to the handheld scanning devices of the Franchise retailer Nah&Frisch, saving each store at least 6h a week and capital.
Circly developed AutoML that enables tremendous resource savings from producers to retailers through AI. With an average of > 85% more accurate planning, resources can be used more efficiently and waste of those can be drastically reduced. The web-based Machine Learning/ Artificial Intelligence (ML/AI) supported planning forecast uses historical sales/sales data as well as external factors to create highly accurate demand forecasts. Simple and designed as a no-code system, even companies without a data science or AI specalized team can benefit from the strengths of AI.
Solution features
Distribution
Logistics
Supply Chain
Marketing & Sales
E-Shopdesign & -Optimization
Solutions & Operations
Data Analytics
ERP Solution
Information Technology
Mobile Solutions
About the solution
| Name: | Circly Forecast |
| Technology: | Artificial Intelligence, Machine Learning, Big Data |
| Project goal | Circly developed AutoML that enables tremendous resource savings from producers to retailers through AI. With an average of > 85% more accurate planning, resources can be used more efficiently and waste of those can be drastically reduced. The web-based Machine Learning/ Artificial Intelligence (ML/AI) supported planning forecast uses historical sales/sales data as well as external factors to create highly accurate demand forecasts. Simple and designed as a no-code system, even companies without a data science or AI specalized team can benefit from the strengths of AI. The technology can save valuable resources, CO2, food and financial resources, increase floor space turnover and make a valuable contribution in the area of sustainability. |
| Project scope: | The development period has already lasted more than 1.5 years. It should be noted that the development of a software product never stops - however, this is also the genius of Circly's software, that it is always updated via the cloud and functions are further developed. |
| Innovation: | Circly's mission is to democratize AI technology. The company achieves this through price leadership as well as easy access and foolproof use. Innovative is not only the no-code approach (software development without having to write a line of code), but also the preparation and processing of the data. Behind the platform are technologies like Federated ML and the possibility to integrate them everywhere. |
| Costs: | Cirly's mission is to be affordable and cost-effective for retailers, manufacturers and wholesalers. There are various pricing models for customers, depending on the size and number of outlets using Cirly. Integration costs are usually in the low 5-digit range, and running costs are tiered per license and by number of outlets. |
| Replication: | Due to the modular structure of the algorithms and the possibility to upload a simple Excel spreadsheet or CSV file, new customers can be integrated in just a few days. The training of the AI as well as the prioritization and industry-dependent weighting of various factors can also be done within a few days, which is why the solution's current model is highly scalable. Despite the high scaling potential, the modular model can react quickly to industry-specific wishes, customer ideas and market changes. |
Use-Case customer:
Nah&Frisch
Location: Radingerstraße 2A, 1020 Wien, Austria
Use-Case-Region: D-A-CH
Website: https://www.nahundfrisch.at/de/home
Case Location
Video
Use Favorite for your own search profile
Contact Me
Schedule a showing?
Similar Cases
So maximiert eines der größten deutschen E-Center seine Regalverfügbarkeit mit Captana
with
E Center Warnow Park
Liefer- und Versorgungsengpässe im Einzelhandel sind aktueller denn je. Dies erlebt jeder von uns beim täglichen Einkauf, wenn man im Geschäft vor leeren Regalen steht. Bereits 2019 führten Leerstände im Regal zu bis zu 4% Umsatzverslust jährlich. Dies hat sich durch die aktuelle Situation nicht wesentlich verbessert: Lieferschwierigkeiten, Inflation, Fachkr ...
O2 Live Concept Store Berlin: Interactive LED solution with wow effect
with
O2 Live Concept Store Berlin
The “Visible Net” campaign makes the 5G network of O2, the core brand of the telecommunications company Telefónica Germany, impressively visible on all channels. With the aim of staging the campaign at the point of sale, a semi-transparent LED wall was used to transform the entire shop window front of the O2 Live in Berlin into a 19 m2 screen – t ...
Nachhaltige ESL – Batterielose digitale Preisetiketten im Einsatz in den autonomen Stores bei Valora Retail (Schweiz)
with
Valora Retail
Faktencheck: Bisher wurden elektronische Preisschilder aufwändig und unnachhaltig mit Batterien betrieben. Der ESL-Boom sorgte für einen enormen Nachfrageschub bei Batterien. Gleichzeitig entwickelte sich die Entsorgung einer so großen Anzahl von Batterien in den letzten Jahren zu einer großen ökologischen Herausforderung. Eine einzige AAA-Batterie kann bis ...
Self-Scanning Solution
with
Jumbo
Jumbo is the second-largest supermarket chain in the Netherlands. It is part of the privately owned Van Eerd Group, which was originally a grocery wholesaler, established in 1921. The chain has over 60,000 employees and approximately 660 stores. Jumbo first deployed the Zebra MC17 Personal Shoppers in-store over ten years ago, followed by MC18s; however, the ...