Best Practices

Efficient inventory management in retail and pharmacy with EMMA

More than just minimising defect lists and out-of-stock situations

Automate warehouse management in retail and pharmacy with EMMA

More availability, shorter defect lists, lower purchase prices, optimised stock levels

Effective inventory management processes are critical to meeting customer needs, avoiding lost sales, maximising margins and minimising stock holding costs. Out-of-stock situations, also known as defect lists in pharmacies, not only lead to lost sales opportunities, but can also negatively impact the customer experience and customer satisfaction. The strengths of our EMMA cognitive AI come into play in all of these areas.

Your advantages at a glance

  • Avoid out-of-stock situations: Ensure your shelves stay stocked and customers are satisfied or patient care is secured in your pharmacy.
  • Cost optimisation through intelligent purchasing: Use automated price comparisons to select the best supplier at the best price, even when price bots face hurdles.
  • Optimise stock levels: Automated and therefore highly efficient reordering processes allow you to minimise stock levels and therefore tied-up capital.

Intelligent reordering made easy

EMMA cognitive AI offers the opportunity to intelligently organise the entire reordering process. By automatically comparing stock levels with sales data, EMMA can recognise threshold values and automatically trigger new orders from your suppliers.

Particularly in pharmacies, where the availability of medicines is sometimes critical, EMMA ensures that defect lists are minimised by automatically querying different suppliers.

Optimise purchase prices through automated price comparison

As part of the automation of the purchasing process, the prices of several suppliers can be determined and compared with each other. This means you always buy at the most favourable price.

EMMA's cognitive capabilities make it possible to overcome even the most difficult hurdles on supplier websites. Suppliers sometimes install these barriers to prevent price scraping and thus automated price comparisons.

Our preismonitoring.de service can also be integrated into the process for large-scale price comparisons.

The figures speak for themselves

When using our RPA and AI solutions, the following results are achieved on average:

7-fold
increase in productivity per employee

+98%
Increase in quality and resilience

2 days
Average automation effort per process

Optimise inventories, minimise capital commitment

Automating the processes for reordering from your suppliers also allows you to optimise your stock levels, as the fastest possible reordering is guaranteed at all times, even in the event of an unexpectedly large purchase, because EMMA works for you day and night as well as at weekends and on public holidays.

Optimising stock levels does not just mean increasing stock levels by reordering. Rather, it is also possible to reduce stock levels to the necessary minimum - for example, for slow-moving items - as reordering at short notice does not require any additional manual effort. This measure can minimise the amount of capital tied up in stock.

Seamless integration into existing systems

Thanks to Cognitive AI as well as the ability to access applications via remote desktop connections or within Citrix environments, EMMA can be seamlessly integrated into existing retail and pharmacy systems without the need for interfaces. This enables a seamless connection to your inventory and purchasing data to keep track of all supplier conditions and make strategic decisions in real time.

Process automation
at a fixed price!
Contact us now.

AIMAX Business Solutions combines excellent solutions with first-class service. Your added value is our goal. Unique AI systems allow us to act independently of the application. With process automation and digital assistance, we unlock new potential in your company.

Conclusion

With EMMA, you can revolutionise your inventory management and ensure efficient and cost-effective management of your stock both in retail and in pharmacies. Optimise your warehousing while avoiding out-of-stock situations in the best possible way.

These awards say more than 1,000 words

Logo, i-ways Innovation Award 2024 Logo, Hessen Champions Logo, Winner of German Innovation Award 2020 Logo, Fraunhofer IPMS 2023 Logo, SAP Innovation Awards 2020
Andreas W. Ditze

"The use of artificial intelligence is also constantly opening up new opportunities in retail and pharmacies - warehousing and dynamic pricing are just two relevant aspects. If you have any questions about AI and the potential applications in your company, please feel free to contact me."

Andreas W. Ditze
Managing Director
Feel free to contact me!

Further application examples

Process automation
at a fixed price!
Contact us now.

AIMAX Business Solutions combines excellent solutions with first-class service. Your added value is our goal. Unique AI systems allow us to act independently of the application. With process automation and digital assistance, we unlock new potential in your company.