Procurant, a provider of technology solutions for the food industry, launched its Procurant Fresh AI, an artificial intelligence solution designed specifically for perishables category management in retail grocery. Procurant said in a news release that Procurant Fresh AI leverages its extensive expertise in the highly volatile perishables category to reduce costs, streamline decision-making, eliminate complex reporting and deliver accurate insights to executives and front line users alike.
The company said Procurant Fresh AI helps retailers maintain a competitive edge by providing accurate insights within an AI-powered interface that streamlines multiple steps and processes associated with category management. Procurant said its AI solution first sorts through volatile and often unstructured information to organize data into a secure, AI-ready format. Then, in plain language, users can ask questions about the category and act on new insights.
Procurant said Procurant Fresh AI can handle questions of varying complexity and instantly delivers both narrative and graphical results. Simple questions such as, “How many cases of apples did we purchase in week 32?” can evolve into more complex questions such as, “Which distribution center paid the most for Fuji apples in Q1 of 2023?”
Key features of Procurant Fresh AI include:
- Real-time insights with instant visibility into category performance, inventory levels and supply chain trends.
- Stand-alone or integrated solutions with data from existing internal systems, or as a component of the Procurant Commerce procurement platform.
- Combines data from multiple systems into one easy-to-use interface, simplifying operations.
- Offers actionable recommendations for pricing, promotions and inventory management to optimize performance.
“At Procurant, we’ve built our reputation on helping customers tackle the unique challenges of the perishables category,” said Eric Peters, founder and CEO of Procurant. “Procurant Fresh AI takes that a step further by providing retailers with the tools they need to access real-time insights and to make informed decisions in a market where timing and precision are critical. They now get direct, precise answers to their most pressing questions — no more sifting through endless reports or juggling disconnected systems.”
