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How does Flowlity manage New Product Introductions (NPIs)?

Answer:

New product planning is challenging because there is little or no sales history. Flowlity addresses this challenge by combining human expertise and artificial intelligence. The solution allows the use of analogous (substitute) products or market data to build an initial demand forecast for a new product. Furthermore, Flowlity provides forecasts even for references with very little history by relying on intelligent algorithms capable of generating trends from partial information. Concretely, the planner can manually adjust the initial demand assumptions for a new product in Flowlity (for example, based on the launch of a similar product), then the AI refines these forecasts on the fly as soon as the first actual sales data arrives. This hybrid approach ensures that new product launches are factored into the supply plan, avoiding stockouts during launch while avoiding overstocking a product whose success is still uncertain. Flowlity therefore ensures agile planning of new products, highly appreciated in retail as well as in B2B trading where range renewals are frequent.