The landscape of retail sector is moving in the direction of Omni Channel demand chain optimization and consumer discrete choice behavior prediction. Given the scale and complexity of today's global supply chains, there is no easy way to predict and prepare for a possible disruption. “Supply Chain Resilience is a practical approach for addressing the choke points in the chain,” says Hussain. “The endless thrust to improve end to end efficiency and reduce costs requires new kinds of supply chain models and thinking,” says Hussain, whose team is working towards lowering the overall risk of retailers and the suppliers while increasing the in-store on-shelf availability with minimum inventory possible.
Built by MIT trained scientists and retail industry experts, SilkRoute is an integrated omnichannel retail and rewards solution. The company has woven in sophisticated mathematics and business process automation into their software to ensure optimal business decisions and operations in the manufacturing, wholesale and distribution chains.
Leveraging the power of analytics, the best of breed SaaS solutions cover a broad but focused spectrum including consumer demand sensing and shaping, demand driven retail category management, supplier managed inventory, self service brand campaign management and a dynamic consumer insights engine.
"We are passionate about helping the clients to make their journey from warehouse to POS with ease,” says Hussain. We look at the problem from POS back to the warehouse to the manufacturing floor. The company processes billions of unique item location combinations and receives POS data from suppliers and stock retailers, making it easy to perform B2B integration, as a part of their core SaaS offering. This enables upstream and downstream integration with suppliers, WMS systems, and retailers for speedy implementations in 30–45 days time frame. The solution also comes with a unique risk free implementation model, designed according to the customer’s need.
SkyLight, one of SilkRoute’s major SaaS solutions is a robust end-to-end item-location life cycle management tool. It optimizes all aspects of the retail demand chain with the mission to sense demand, stock smart, sell more and see everything. SkyLight has superior demand forecasting, inventory management and assortment optimization algorithms at its very core, built by the data scientists. As a mission critical tool, SkyLight SaaS suite delivers sophisticated category management and vendor managed inventory (VMI) tools that help drive bottom-line results for all stakeholders in the retail value chain.
Another solution of SilkRoute, SkyPrize gives brand owners the power to target demographically specific consumer groups, allowing the consumers to engage in rewards and loyalty programs. Also in the array of products is SkyPulse that uses Show of Hands, a highly rated lifestyle consumer app to mine rich consumer choice and opinions database. The app has nearly 200 million votes logged so far, and it generates tens of thousands of answers to questions asked every day.
Our strong machine learning expertise is baked into SilkRoute’s Omni-Channel VMI solution to significantly reduce out of stocks with minimum inventory possible in retail demand chain
The company delivers their software solution as a turnkey managed hosted service to the benefit of a multitude of her clients. Sony DADC, a global distributor of digital content, opted for SilkRoute’s VMI solution to manage their media, entertainment, and supply chain operations in Europe. After adopting SilkRoute’s solution, Sony’s instore shelf availability increased with a meaningful reduction in out-of-stock. Sony now performs better with SilkRoute’s SaaS solution that has much less TCO compared to their prior solution combined with new value creating functions and features added every month as part of the monthly subscription SaaS pricing model.
SilkRoute’s, Omnisky division provides mobile strategy, design and deployment. The OmniSky team specializes in building high performance mobile applications that solve problems. Before development begins, the OmniSky team undergoes an extensive discovery process, where they delve into the internal processes of the business and conduct a full needs assessment. By determining the critical issues of the client, OmniSky can then build a strategy that addresses the client’s precise needs. Utilizing analytics, each mobile application comes equipped with an extensive framework for information analysis. This allows for ongoing optimization and ensures the client is poised for maximum impact within the mobile market.
SilkRoute technology powers VehiclePartsDirect. com, an e-commerce website offering online shopping facility for heavy trucking and off-highway parts. The cutting-edge interface and technology provided by SilkRoute offers the most efficient shopping experience through a single, straightforward e-commerce platform. With a dynamic searchable index, VehiclePartsDirect customers can easily search by part number, manufacturer, category, and key terms to find the right product. With SilkRoute, VehiclePartsDirect plans to pave a new road for the way aftermarket customers search and find vehicle parts.
Led by a group of “nerds,” as Hussain calls his co-workers, SilkRoute is enroute to integrate their solutions with all of the world’s top retailers and their suppliers. The company’s strategy is to be a network and a platform connecting retailers, suppliers, and merchants with consumers, while staying ahead of the curve by combining actionable analytics and innovative business process automation. “As our data set grows, we hope to create a real-time social tool that shows exactly what people think about events, politics, products, based on age, gender, income, race, and religion. Our aim is to maximize business process automation, scalability, and growth,fully leverage the power of mathematics and machine learning, have few very smart people, and produce top percentile results,” sums up Hussain.