WAIR
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About
WAIR is a retail tech company using deep learning models to improve operational processes. They offer AI-powered solutions for inventory management, including initial distribution, replenishment, and redistribution. Their ForecastGPT-2.5 model uses pooled industry data for highly accurate SKU-level forecasts, aiming to optimize inventory levels and boost ROI. WAIR works with various ERPs and offers an API for raw forecast data.
Platform
Features
• generating titles and meta titles
• generating tags & features
• 360 inventory analytics
• initial distribution
• stock redistribution
• channel reservation
• replenishment
• deep learning demand forecasting
FAQs
What is WAIR?
WAIR is a company that leverages AI and deep learning technology to provide accurate SKU demand forecasts for the fashion industry. Our services range from forecasting-as-a-service, replenishment, channel reservation and stock redistribution to initial distribution.
What is WAIR’s roadmap?
Currently, we have a fully developed solution called the AI replenisher, which is ready to be implemented for replenishment purposes. Moving forward, our roadmap includes building solutions for “Initial distribution,” “Redistribution,” and “Channel Reservation/allocation.” These solutions aim to optimize sales margins and revenue by determining the ideal channel (store, webshop, or marketplace) for selling a specific SKU. Subsequently, we plan to develop solutions such as “Dynamic Pricing” and provide support for intelligence-driven production and procurement processes.
What does WAIR currently have available, and for who?
WAIR specializes in creating an advanced deep learning AI model, known as ForecastGPT-2.5, to improve the ROI of retail business, brands, and ecosystem partners in fashion. This model generates raw demand forecasts up to 6 weeks, on every aggregation level. Therefore, we currently offer 2 possibilities in using these forecasts: 1) forecasting-as-a-serice via our API and 2) the AI replenisher. **The AI replenisher:** Forecasts generated by the model, are translated into stock level recommendations for the next 7 days, and automatically integrated into the client’s ERP. This ensures the right amount of stock is sent to the right location at the right time.
What is pooled data and how does WAIR use it?
Pooled data is an accumulation of data from multiple clients treated as a unified dataset. This approach increases accuracy, minimizes bias, and enables the system to capture a complete view of local, regional, and national trends for more accurate demand forecasting.
How is the privacy of the data in the pooled model ensured?
Data privacy is at the core of our operations at WAIR. We fully understand the value and sensitivity of your data and go to great lengths to ensure its protection. When using our pooled data model, there are several key measures we take to ensure privacy: Client-specific outputs: While our model learns from the entire pool of data, the output – your SKU sales forecasts – is generated solely based on your own data. The pooled data aids the learning process of the model, but your specific predictions are not influenced by others’ data. Secure data handling: We adhere to strict data handling protocols that comply with the highest industry standards for data security. Regulatory compliance: We are committed to meeting and exceeding all regulatory requirements related to data protection. This includes local and international laws such as GDPR. By adhering to these measures, we not only ensure the privacy of your data but also build a platform based on trust and integrity. Your privacy is our priority, and we’re committed to maintaining the highest level of data protection while providing you with the most accurate forecasting tool in the market.
What is the ROI that WAIR's forecasting offers?
WAIR’s accurate forecasting can result in a significant return on investment by finding the optimal balance between over- and underprediction. Our technology increases inventory turnover, reduces end-stock, and helps drive revenue growth. A 6x ROI is our baseline.
How easy is it to integrate WAIR’s technology into my existing system?
Our forecasting technology for replenishment comes with smooth ERP integration. We currently integrate easily on XPRT and PFA. We also have an API available for fetching raw forecast predictions which can be used for various stock level recommendations in replenishment.
How long will it take to use WAIR’s intelligence in my current software?
If you are currently using one of our supported ERPs (XPRT and PFA), we expect to deliver those recommendations for replenishment within 2 weeks.
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