When the holiday season is on, everyone starts thinking about delicious treats (pumpkin pies ).
But do you know that even before you crave, grocery stores like Sam's Club know how much pumpkin or pecan pie you will consume!!!
Nope, we are not kidding!
Walmart’s grocery venture, Sam's Club, is using Artificial Intelligence (AI) and Predictive Analytics to make accurate recommendations on how much of a particular pie each of their nearly 600 stores should have on hand.
The AI model takes into account a variety of data points, including local temperatures, the popularity of other pie, and whether there are any local events or holidays that may impact demand.
These data points are plugged into the model, which then provides recommendations to each store leader on how many pies they should have by the hour.
But Sam's Club isn't just using AI for production and inventory efficiency.
They're also using the technology to optimize their product assortment for the holiday season.
By analyzing data on past holiday sales, member shopping patterns, and trends, the AI model makes recommendations on which products to carry.
The model takes into account the time of year, the store's location, and the target audience to determine which products will be the most popular.
By using AI to quickly and efficiently adapt to changing consumer demand, Sam's Club is able to ensure that they have the products its members want for the holiday season.
AI is also being used to improve the shopping experience for Sam's Club members.
They're also using machine learning to analyze customer behavior and make recommendations on products and services.
It's clear that AI and predictive analytics are driving efficiency and innovation in the grocery industry, and Sam's Club is a prime example.
By using these technologies to predict demand, optimize product assortment, and improve the shopping experience, Sam's Club is able to stay competitive in a cutthroat industry.
As AI continues to advance, it will be exciting to see how else the technology is used to drive innovation in the industry.
If you're a business looking to stay ahead of the curve, consider investing in AI and predictive analytics to drive efficiency and success.
