AI decision intelligence for ecommerce dominance

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May 16, 2024

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Yosoku

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AI decision intelligence for ecommerce dominance

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Overview

Yosoku is a decision intelligence software, specializing in AI solutions for ecommerce. It employs advanced AI techniques to automate and optimize various aspects of online businesses, making it a capable tool for retailers of various sizes.

The platform offers features such as inventory management, demand and cash flow forecasting, and analytics and insights on products and customers. Specifically, Yosoku leverages machine learning algorithms to create unique sku-specific forecasting models based on historical sales data to predict future sales and demand.

Additionally, Yosoku provides a Shopify app that aids in inventory management, from determining the optimal volume of inventory to order, to securing the best deals from suppliers.

The solution also takes care of purchase order automation, stock allocation and discount maximization. Key benefits highlighted are reduced holding costs, improved cash flow, increased customer retention and increased profit margins.

Moreover, the AI tool also offers resilience against supply chain vulnerabilities and the capacity for brands to foresee peak periods for accurate ordering.

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Initial release

September 1, 2023

Initial release of Yosoku.

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Pros and Cons

Pros

Ecommerce specialized

Inventory management

Demand forecasting

Cash flow forecasting

Product and customer analytics

SKU-specific forecasting

Historical sales data analysis

Shopify integration

Purchase order automation

Stock allocation

Discount maximization

Reduced holding costs

Improved cash flow

Increased customer retention

Increased profit margins

Supply chain vulnerability resilience

Peak periods prediction

Negotiation support

Real-time profit analytics

Auto replenishment & buying recommendations

Supported integrations

Human experts assistance

Identifies overstocked and understocked SKUs

Reorder quantities advice

Directs stock to the right location

Supplier profiles

Overstocked SKUs pinpoint

Understocked SKUs pinpoint

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Cons

Only integrates with Shopify

No real-time support

Not fully automated

Dependent on historical sales data

No personalization features

Limited analytics options

Doesn't support all ecommerce platforms

No support for physical retail

Doesn't offer free trial

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Q&A

What is the main purpose of Yosoku?

Yosoku's main purpose is to provide a decision intelligence software that specializes in AI solutions for ecommerce. It aims to automate and optimize various aspects of online businesses and serves as a tool for retailers of various sizes.

What AI techniques does Yosoku utilize?

Yosoku utilizes advanced AI techniques, particularly machine learning algorithms. These algorithms are employed in creating unique sku-specific forecasting models based on historical sales data to predict future sales and demand.

What features does Yosoku offer for ecommerce management?

Yosoku offers several features for ecommerce management, which includes inventory management, demand and cash flow forecasting, and analytics and insights on products and customers. It also provides an app for Shopify that aids in inventory management and helps secure the best deals from suppliers.

How does Yosoku's inventory management work?

Yosoku's inventory management works by determining the optimal volume of inventory to order, identifying low and overstocked SKUs, advising on reorder quantities, and directing stock to the right locations. It utilizes AI to determine when to place orders and how much order volume to maintain.

How does Yosoku utilize machine learning algorithms?

Yosoku utilizes machine learning algorithms to create sku-specific forecasting models. These models are based on historical sales data and are fine-tuned to predict future sales and demand.

How does Yosoku create sku-specific forecasting models?

Yosoku creates sku-specific forecasting models by examining the historical sales data specific to each SKU. It uses machine learning algorithms to create a unique predictive model for each individual SKU and variant, fine-tuned to predict future sales and demand.

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What is Yosoku's approach to historical sales data?

Yosoku's approach to historical sales data is to use it as a basis in creating SKU-specific forecasting models. These models are then used to predict future sales and demand, enabling businesses to optimize their ordering and stock management.

How can Yosoku aid in Shopify inventory management?

Yosoku aids in Shopify inventory management by providing a specialized app. This app uses AI to determine the optimal inventory volume to order, when to place orders, and how to secure the best discounts from suppliers.

What does Yosoku offer in terms of purchase order automation?

In terms of purchase order automation, Yosoku aids by automating the creation of purchase orders. It takes into account overstocked and understocked SKUs, advises on reorder quantities, maximizes discounts, and directs stock to the right locations.

What is Yosoku's role in stock allocation and discount maximization?

Yosoku plays a key role in stock allocation and discount maximization. It identifies overstocked and understocked SKUs, advises on the best reorder quantities, and directs stock to the ideal locations. It also aids in maximizing discounts by helping businesses negotiate smartly with suppliers.

What are the key benefits of using Yosoku?

The key benefits of using Yosoku include reduced holding costs, improved cash flow, increased customer retention, and increased profit margins. Yosoku also offers resilience against supply chain vulnerabilities and the capacity to foresee peak periods for accurate ordering.

How does Yosoku contribute to reduced holding costs and improved cash flow?

Yosoku contributes to reduced holding costs by optimizing inventory operations, ensuring businesses keep only the necessary stock on hand. Similarly, it improves cash flow by minimizing overstocking and under-stocking, ensuring businesses do not tie up cash in unnecessary inventory.

How can Yosoku increase customer retention and profit margins?

Yosoku can increase customer retention by keeping stock levels optimized, reducing the chance of stock-outs, which are a major reason customers abandon brands. It can increase profit margins by maximizing discounts and helping businesses negotiate better deals with suppliers.

In what way does Yosoku provide resilience against supply chain vulnerabilities?

Yosoku provides resilience against supply chain vulnerabilities by helping brands identify potential vulnerabilities and mitigate risks before they occur. It uses predictive models to foresee issues and provide solutions proactively.

Can Yosoku anticipate peak periods for accurate ordering?

Yes, Yosoku can anticipate peak periods for accurate ordering. It uses data-driven insights to help businesses get ahead of peak periods such as Black Friday, providing guidance on exactly how much stock to order.

How does Yosoku's Shopify app help in ecommerce?

Yosoku's Shopify app offers an enhanced ecommerce experience by automating inventory operations. It aids in determining how much inventory to order, when to place orders, and how to negotiate discounts from suppliers.

How does Yosoku aid in securing the best deals from suppliers?

Yosoku applies machine learning techniques to aid in securing the best deals from suppliers. By mapping SKUs to suppliers and adding details about quantity discounts, minimum order quantities, and lead times, businesses are positioned to secure advantageous terms.

Can Yosoku predict future sales and demand?

Yes, Yosoku can predict future sales and demand. It achieves this by creating sku-specific forecasting models using machine learning algorithms and historical sales data.

What tools does Yosoku provide for analytics and insights on products and customers?

Yosoku offers tools for analytics and insights by focusing on product details and customer preferences. The AI uses the data it collects to improve sales analytics, customer insights, SKU-specific forecasting, and more.

Who can use Yosoku's decision intelligence software?

Yosoku's decision intelligence software can be used by retailers of various sizes. It is specifically designed for ecommerce businesses, offering advanced AI solutions for automating and optimizing various aspects of online business operations.

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