Advanced Fulfillment from Dropit Uplevels Retail Performance with Smarter Fulfillment Decisions
LONDON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Dropit, a retail technology company that layers AI into existing fulfillment systems for a smarter retail ecosystem, today announced Advanced Fulfillment, an AI-powered solution that uses real-time information to help retailers make dynamic fulfillment decisions. The solution uses a variety of data inputs, including proximity, real-time inventory, past sales, peak shopping hours and weather to inform more intelligent order allocation decisions, ultimately saving time, money and waste.
Traditionally, retailers have a limited scope of visibility into real-time inventory across various channels and locations, leading to inefficient sourcing decisions that result in dead stock, out-of-stock, and lost sales. At the same time, retail giants including Walmart and Amazon have raised the bar and set high customer expectations thanks to fast and intuitive shopping experiences — 90% of U.S. online shoppers expect free two- to three-day shipping.
Dropit's Advanced Fulfillment solution empowers retailers to remain competitive by making intelligent fulfillment decisions with data-driven precision to overcome these challenges while minimizing stock issues and expediting fulfillment.
"Our Advanced Fulfillment solution is like having a team of data scientists on hand around the clock, instantly fine-tuning fulfillment choices for peak efficiency," said Karin Cabili, CEO and founder of Dropit. "This comprehensive, data-driven approach reduces delivery times and costs while increasing customer satisfaction and profitaility for retailers. It also helps retailers connect their often-disparate silos to maximize the technology investments they’ve already made."
Dropit Advanced Fulfillment Boosts Intelligent Decision-Making