**In this article you will get to know about the following topics**
The Eye, a self-aware digital assistant that can revolutionize your retail business.The Eye uses machine learning to analyze your business data and automate reordering, The Reordering Manager. Unlike traditional manual reordering processes, The Eye can automatically sense customer demand, understand your order cycles, and factor in other supply chain constraints to help you make data-driven decisions. With The Eye, you can expect significant improvements in cash flows, reduction in stock-outs, reduction of man-hours, and most importantly, a reduction of time spent in people and vendor management. By relying on data insights rather than relationships and favors, you can diffuse operational problems and misunderstandings more effectively. Here are some more benefits which can be add to the sales pitch:
1) A lot of time spent on planning and executing (around 90% of time is reduced) the purchases is cut down with The Eye. Assume sales person will come to the store to take the order, has unproductive conversations with the store person, and dumps the stock in order to meet his target. This is eradicated by accurate and autonomous reordering by The Eye
2) On average 50% of wastage due to expiry is eliminated by making the right purchase decision at the right time
3) One pitch we used to tell is The Eye is unbiased and tireless Purchase manager (no leaves like humans, no dullness in execution, no dependencies)
4) Delightful customer experience during shopping - Indirect benefit (correct stock as per need, no stock out when customer look for an item, also no overstocking)
Registration process on Himalaya (Only for the Go frugal-Internal Team members)
Types of Product Supported by The Eye
Standard Items & Fast Moving Items. Note: Matrix Items are not being supported by The Eye as of now.
5. Types of Business-Supported by The Eye
The Eye is supported for
the "Retail" vertical at any time.
As of now, it is supported for the below selected vertical in the current
release:
Eye Deployment- Reasons why The Eye Can’t be install on Desktop
6. Know all about the pricing of The Eye
You will get all the information of the pricing in the Himalaya Login itself:
Step1: Firstly, go to https://himalayas.delium.io/#/daily_news
Step2: After logging In, you will have a pop up where you will have a ‘Price Menu’ & there you can see the edition wise price list for The Eye.
Also, if customer asks about the estimated price for their business, you can just use the Price Calculator.
7. Users sync/Map process & Maximum Limit-
a. For user sync/ Map process: Go to https://community.gofrugal.com/portal/en/kb/articles/addon-subscription-sync-automate-the-user-login
b. Maximum limit of the users is '20'.
Process To use NLP in The Eye
Step1: NPL can be found in The Eye Home Screen.
Step2: Click on the Home button and the chat option comes below.
Step3: There you can type your queries for answers.
Step4: There are predefined queries as well. We can select them and get the answer.
9. What are the resources available in the Eye to take self help
a. Question Mark Tool: You can just try to click on the 'Question Mark' with each widget in The Eye & you will get an answer to every feature & its working.
b.
Surveillance Centre: Our alert system monitors your data, system
usage, and operations, and flags any common errors or issues. These alerts are
categorized based on the user's nature and come with suggested remedies. Please
take prompt action on these alerts to address any discrepancies or problems.
Few Examples:
Bad Supplier Service based on fill rate is low or no
Supplier Dumping Stock based on fill rate is high
Inward With No Purchase Orders
Long Tail Products Stocked At The Warehouse
Negative Inventory Non-Fresh Products
Overlapping Orders. Note: This is only an alert system but we cannot take
action from here. We have to go to respective screens to take action on the Alerts.
c. Debug Centre: There would be a menu called 'Debug Centre' where you can just experience it & try to answer it.
10. All about ABCX consideration in The Eye
ABCX - Pareto Analysis = It’s Based on the Importance and
Movement of Articles.
A & B Are Fast Moving
C & X = Are Slow Moving.
80% Of Sales Comes From 20% Produces That Is A & B.
Remaining 20% Comes From 80% Of the Products That Is C & X.
Planning, Tracking, and Analysis - These 3 can be done from the Daily news page. You can find that at the bottom of the pag
1. If customer has risen so many PO long days back & now, he wanted to check the number of PO that has been expired how 'The Eye' can help him?
Ans: In the first widget - Reorder for the day - Expired - Click on the analysis, user can get list of PO expired, can also get Out of stock and ABCX analysis supplier wise
2. If customer deals with number of suppliers but all the suppliers are not actively supplying the goods, so customer want to see the list of those suppliers who are not given the PO periodically? How 'The Eye' can help the customer?
Ans: This question is about "Supply Graveyard" in Daily News page. It allows to see the suppliers who have not shown up in last 30 days. 60 days and 90 days. Based on that, customers can take corrective action, whether to order from those suppliers. You can also know more about it by clicking on the question mark given with the widget.
3. How does "The Eye" help customer to not to consider Purchase manager for his business?
The Eye is machine
learning and data science based tool, it will forecast the inventory movement
based on different data set and give the recommendation to order, it will count
time taken to supply, fulfillment % supplier is filling.. Human cannot fulfill
the scenarios The Eye can consider and recommend. Stock out analysis, Dead
stock and transferrable stock analysis, Seasonal sales and Festive sales are
blind spot for human and The Eye will do it properly 99 out of 100 times
accurate. Also, speed of execution is also another USP. Predicting the demand,
analysing the list of suppliers, last purchase history from them, arriving at
the correct quantity to purchase for each item from each supplier, all this is
done in minimum time. You could say with almost 70 to 80% lesser strength in
Purchase team.
Only one person is enough to review and raise the POs, and that too not much
skill is required to execute. Therefore, Purchase manager can be replaced with
The Eye.
4. How 'The Eye' performs re-ordering function?
The re-ordering is process based on, Current inventory level, movement at the location, time to supply after order, order to fulfillment ratio of the supplier, expired and not serviced orders - The Eye will study all data sets and give recommendation in Reorder for the day widget in Daily news, the purchase manager have to click on the analysis, review the details and click on Raise PO to generate the order, it is possible to share the wall to respective supplier to let them know their performance.
5. What is Supply Health Chain on 'Daily News' page & which type of insights customer can get from this widget? Explain it with example?
6. How can you check Alternate Suppliers suggested by The Eye in case of stock outs?
In the "Stock out reasons" widget you can find the link for the Alternate Purchase plan. You can also find it when you click on the Out of stock - customer basket widget on the daily news page.