Automated proxy product identification based on visual similarity saves days of manual labor, boosts your forecast volume accuracy and increases your full-margin sales.
Lily AI’s proxy products provide historical catalog visual similarity analysis, along with merchandising recommendations to assure demand and merchandising teams that they’re ordering what customers really want. Reduce unnecessary markdowns and eliminate the uncertainty that causes overstocking.
Manual processes and minimal data is not a recipe for forecasting success. Lily AI helps retailers reduce assortment complexity and use data analytics to identify the most profitable SKUs – all in a matter of weeks.Let’s Talk