Symphony RetailAI, a leading global provider of integrated AI-powered marketing, merchandising and supply chain solutions for FMCG retailers and CPG manufacturers, today announced that it has been named to Food Logistics’ 2021 Top Software & Technology Providers list.
The Food Logistics award recognizes vendors whose solutions ensure a safe, efficient and reliable global cold food and beverage supply chain. Symphony RetailAI’s solutions strengthen the links between data, decision maker and implementer, helping to make retailers more responsive to sudden and significant changes in the supply chain. Symphony RetailAI also offers market-leading kitchen management capabilities, which appeals to retailers that increasingly embrace in-store kitchens, meal preparation kits and prepared offerings. The company’s AI-enabled demand forecasting and replenishment solutions help to limit avoidable costs that result from inaccurate forecasts, where out-of-stocks lead to lost sales, and overstocks cause both physical and financial waste. Use-by dates are also factored in to ensure accurate inventory levels. Armed with these predictions and supported by the company’s solutions for inventory management and order fulfillment, grocery retailers can re-optimize allocation in real time.
“Heightened customer expectations have led to new complexities for grocery retail, and timing and temperature remain crucial in the management of perishables,” said Chris Koziol, CEO, Symphony RetailAI. “Because of this, retailers are hyper-focused on gaining new capabilities for responding to current supply chain disruptions. We’re honored to be included on Food Logistics’ list as organizations consider their preferred technology partners. Our solutions enable retailers to manage all fresh item data, track expiration dates and minimize waste with detailed dashboards that provide insights into fresh-specific KPIs. And because one problem in the supply chain causes a ripple effect on waste if items aren’t stored properly, it is critical to have solutions like ours that provide inventory visibility with real-time updates.”
With accurate and AI-powered demand forecasts and a consolidated view of inventory, retailers have recognized up to a 35% reduction in inventory, 40% improvement in productivity, and 10% reduction in waste using Symphony RetailAI solutions. Learn more about the company’s end-to-end supply chain platform.
Recipients are profiled in the Nov./Dec. 2021 print issue. Visit FoodLogistics.com to view the full list of all 2021 Software & Technology Providers.
About Food Logistics
Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Food Logistics and sister publication Supply & Demand Chain Executive are also home to L.I.N.K. and L.I.N.K. Educate podcast channels, L.I.N.K. Live, SCN Summit, SupplyChainLearningCenter.com and more. Go to www.FoodLogistics.com to learn more.
About Symphony RetailAI
Symphony RetailAI is a leading global provider of role-specific, AI-powered revenue growth management solutions and customer-centric insights for retailers and CPG manufacturers across the entire value chain. Our proven, industry-leading, AI-enabled software, coupled with the industry’s only conversational natural-language AI interface, CINDE, provides key users with proven prescriptive and preemptive recommendations that make it easy to identify end-to-end growth opportunities, activate plans and realize measurable profit and revenue growth. Our solutions are specific to key decision-maker roles focused on profitable growth across the retail value chain from source to consumer. With our strong global partner ecosystem, we serve more than 1,200 organizations worldwide – including 15 of the top 25 global grocery retailers, 25 of the top 25 global CPG manufacturers, thousands of retail brands, and hundreds of national and regional chains – all through the Microsoft Azure Cloud. Symphony RetailAI is a SymphonyAI company. More at Symphony RetailAI.
About SymphonyAI
SymphonyAI is building the leading enterprise AI company for digital transformation across the most important and resilient growth verticals, including life sciences, healthcare, retail, consumer packaged goods, financial services, manufacturing, and media. In each of these verticals, SAI businesses have many of the leading enterprises as clients. SAI is backed by a $1 billion commitment from Dr. Romesh Wadhwani, a successful entrepreneur and philanthropist. Since its founding in 2017, SymphonyAI has grown rapidly to a combined revenue run rate of more than $300 million and over 2,200 talented leaders, data scientists, and other professionals.
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