Carrefour SA said Jan. 14 that it will start integrating artificial intelligence in its inventory management through its new partnership with analytics platform SAS, a software developed by SAS Institute Inc.
The French retailer said it selected Viya, an AI solution SAS developed to collect and process data from stores, warehouses and e-commerce websites to improve demand prediction and supplier orders.
This will reduce stock outages and overstocking in stores and warehouses, the company said.
"By freeing up time for teams, artificial intelligence will allow them to focus on developing differentiated forecasting strategies and better meeting customer expectations while reducing waste," Carrefour France Forecast Director Franck Noël-Fontana said in a statement.
The retailer said the move is part of its €2 billion annual investment in IT and digital technology projects under its Carrefour 2022 transformation plan.