Quantiful Platform
Quantiful's AI planning tool is changing the planning landscape for retailers, distributors, and manufacturers. It's highly scalable, cloud-based, and designed to integrate seamlessly into existing ERP systems. This tool doesn't just improve planning efficiency, it revolutionizes it, delivering a meaningful difference quickly and effectively.
Our typical set-up and integration time is ten weeks, combined with our low-cost proof of concept (value) trial offer, this allows new customers a low-risk, data-driven, and ROI-based means of assessing our market-leading AI demand planning capability, providing you with a secure and risk-free way to experience our services.
Technology overview
Quantiful uses AI to generate highly accurate bottom-up product forecasts from a mix of first-party and external data sources. The platform is built on AWS infrastructure, making it almost infinitely scalable, secure, and resilient. (being containerised, it is also deployable into alternative cloud platforms such as Azure and GCP)
Leveraging the power of AI, Quantiful generates bottom-up SKU-location-level forecasts for thousands of products every day. It supports short (typically 9-13 weeks), medium (13-26 weeks), and long-term planning horizons, making it the perfect complement to your ERP.
To generate forecasts, Quantiful consumes data from your systems (sales history,inventory management, product data, etc.) and uses it in isolation or in conjunction with external data sources to generate forecasts that are exported back in a configurable output file to your ERP system. All exports use simple industry-standard formats like .csv / .xls, making them fast to implement.
An intuitive UI web portal is available to everyone in the business (configurable admin access rights) for accessing forecasts and making non-repudiated adjustments, giving organisations a true single view of their demand forecasts.
Read our 2024 Retail Analysis Report for Australian Retailers
The Quantiful difference
The Quantiful system has been designed from the ground up to deliver highly accurate forecasts, enabling dynamic min/max store-level inventory control and supporting existing operational processes.
The current third-generation platform exploits Quantifuls' years of R&D investment, specifically focussed on Demand Planning excellence. This sets an industry standard for forecast accuracy, giving it a significant performance edge over ERP planning modules and other specialist vendors.
Pinpointing the precise drivers of demand
To generate your forecasts, Quantiful can ingest thousands of sales-related data points per product, including attributes such as colour, size, cost, discount, etc. The more data Quantiful gets as input, the more accurate and insightful the forecasts become. Your proprietary data can be combined with Quantiful’s external data to identify demand signals that can be trended and understood throughout a product's lifecycle.The Quantiful engine uses the data inputs to surface the top-ranked influences of buying behaviour that shape your demand. These are called Demand Drivers™ and planners, product managers, and marketers use them to generate insights that help::
- Remediate exceptions to forecast
- Identify end of life demand
- Select new product introduction forecasts from predecessor attributes
- Build new product development strategies by combining historical demand drivers
Unlocking the power of external data
Quantiful supports the ability to incorporate external data sets such as economic, market, social, and search into its planning algorithms to improve the quality of forecasts at every stage of the planning horizon.
This capability is powerful in sectors where internal data sources don’t capture the complete picture of market demand, particularly those that change quickly and continuously, like fashion or electronics. Quantiful has access to various data sources—for example, social and search platforms—that help it incorporate the customer/market's voice into its planning.
Multi-time-series forecasting
Unlike many other demand planning solutions, Quantiful has a multi-time series forecasting foundation. Our groundbreaking approach takes a ‘whole of portfolio’ approach and allows you to understand the interdependencies inside your product set.
For example, Quantiful will automatically correct/change the demand profile for related products if a price change or promotion occurs. As a result, Quantiful’s demand plans at a portfolio level are far more accurate than alternative systems that lack the processing power to execute scenarios across a portfolio.
Forecasting at scale
Creating highly accurate forecasts for a small set of products at a single store is good. However, problems arise when you try to forecast hundreds of thousands, if not millions, of product locations.
Quantiful supports large retailers with millions of inventory locations. Its modern architecture and AWS backing ensure it can ingest and process terabytes of data points every day and continue to scale to deliver to meet the needs of the most complex retailers.Quantiful customers output billions of lines of data daily and generate and ingest millions of product location forecasts without worrying about system performance or capacity.
The Quantiful interface
The Quantiful interface is designed to be both intuitive and powerful. Planners primarily use it to review forecasts, intervene, or adjust forecasts manually. The UI helps prioritize tasks, making it easy for users to navigate. For Quantiful customers, the system quickly becomes the single source of truth that reports history forecasts and captures all planners' commentary at each intervention point.
By giving everyone in the business access to Quantiful (but not necessarily editing rights), you get a truly integrated view of the planning process that sales, marketing, and finance all share, which is crucial to managing today’s complex and dynamic retail environments.
World-leading AI
Planning outcomes driven by the latest AI algorithms.
Easy to integrate with
Modern, intuitive GUI
Full alerting suite
Modern cloud architecture
SKU location level planning
Plan bottom up from the lowest possible level
Quantiful ecosystem
Many organisations find integrating third-party systems challenging. However, we’ve integrated with most of the major ERPs and POS systems, so there’s not much we haven’t encountered or dealt with before.
We are exceptionally proficient in API-based cloud ERP solutions architecture. We make it easy for you to get data into and out of Quantiful.
Quantiful at work
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