DALLAS, July 01, 2021 (GLOBE NEWSWIRE) – Symphony RetailAI, a leading global provider of integrated AI-based marketing, merchandising and supply chain solutions for retailers and large-scale product manufacturers consumption, today announced that it has been nominated for Food logistics‘List of the best green suppliers 2021.
Food logisticshe annual Top Green Providers recognizes companies whose products, services or exemplary leadership enhance sustainability within the cold food and beverage industry. Through artificial intelligence, machine learning and data management, Symphony RetailAI’s end-to-end supply chain solutions help grocers reduce the waste of perishables and prepared foods, with case studies demonstrating up to 95% improvement in forecasting accuracy, 20% reduction in inventory and up to 10% reduction in waste.
Symphony RetailAI’s demand forecasting solution helps grocery retailers accurately forecast demand, ensuring that the right levels of shelf-sensitive products are moved efficiently throughout the supply chain. Additionally, waste can be minimized as retailers better manage procurement and transportation between warehouses, distribution centers and stores. For fresh items in particular, expiration dates are factored into demand forecasts to ensure accurate stock levels. AI-based demand forecasting also uses rich data management to analyze relationships between items across the assortment to accurately forecast demand. The increase in click-and-collect services over the past year has led to an increase in dark stores and put more pressure on distribution centers. To support this trend, Symphony RetailAI’s warehouse management solution is optimizing real-time order allocation to reduce waste.
“We are delighted to be recognized by Food logistics for our commitment to helping retailers make an environmental impact while strengthening end-to-end supply chain efficiency, ”said Chris Koziol, CEO of Symphony RetailAI. “After a year like 2020, retailers are looking for ways to exceed consumer expectations as they face dramatic and increased changes in demand. Our team focuses on transparency, traceability and sustainability of the supply chain. We work to educate and collaborate with our customers to reduce food waste while improving profitable growth. Symphony RetailAI’s AI-powered solutions deliver accurate demand forecasts that leverage a unified inventory view, which are key accelerators for businesses looking to reduce food waste in their supply chains.
Learn more about demand forecasting AI and warehouse management system (WMS) from Symphony RetailAI.
This year’s award recipients are featured in the June 2021 print issue. Visit FoodLogistics.com for a full list of all of the top green suppliers for 2021.
About Food logistics
Food logistics is the only publication exclusively dedicated to covering the movement of products through the global cold food supply chain, focusing on trucking, warehousing, packaging, risk management, food safety and more . Go to www.FoodLogistics.com.
About Symphony RetailAI
Symphony RetailAI is a leading global provider of role-specific, role-specific AI revenue growth management and customer-centric information solutions for CPG retailers and manufacturers across the United States. value chain. Our proven, industry-leading AI software, paired with the industry’s only natural language conversational AI interface, CINDE, provides key users with proven prescriptive and preventative recommendations that make it easy to identify end-to-end growth opportunities. bout, activating plan and achieving measurable growth in profits and revenues. Our solutions are specific to the roles of key decision makers focused on profitable growth throughout the retail value chain, from source to consumer. Through our strong global ecosystem of partners, we serve more than 1,200 organizations worldwide, including 15 of the world’s 25 largest grocery retailers, 25 of the world’s 25 largest manufacturers of GPC, thousands of retail brands in the world. retail and hundreds of national and regional channels, throughout the Microsoft Azure Cloud. Symphony RetailAI is a SymphonyAI company. More on Symphony RetailAI.
About Symphony AI
SymphonyAI is building the leading enterprise AI company for digital business transformation, in the largest and most resilient growth verticals including life sciences, healthcare, retail, consumer goods, financial services, manufacturing and media. In each of these verticals, ISC companies count many leading companies among their customers. SAI is backed by a $ 1 billion pledge from Dr. Romesh Wadhwani, a successful entrepreneur and philanthropist. Since its inception in 2017, SymphonyAI has grown rapidly to reach a combined revenue of over $ 300 million and over 2,200 talented leaders, data scientists and other professionals. More on SymphonyAI.
Ketner Group Communications (for Symphony RetailAI)