Inventory and stock management

Inventory and stock management

SMARTSTOCK SP. Z O.O. implements the project:
Developing software to improve forecast accuracy and optimize inventory from the perspective of customer and supplier working together in the supply chain using fuzzy deep neural networks

under Measure 1.1: R&D projects of enterprises Sub-measure 1.1.1 Industrial research and development works carried out by enterprises of the Operational Programme Intelligent Development 2014-2020

Value of the project: 13 206 227.29 PLN
Funding value:9 507 901.34 PLN

Contract No: POIR.01.01.01-00-1140/19
Intermediate institution: Narodowe Centrum Badań i Rozwoju

The project is expected to result in a product that is part of the global trend of supply chain digitization, using predictive and prescriptive models in the decision-making process. It is intended to allow companies operating in the supply chain link: buyer-supplier to improve forecast accuracy and optimize inventory, thereby reducing logistics costs, increasing the availability of goods to customers, freeing up capital frozen in excess inventory, increasing supply chain flexibility, improving profitability, and reducing energy consumption and CO2 emissions. The product, which is the result of R&D work, is expected to allow data collection and standardization, and then use it in simulation and optimization models using artificial intelligence and cloud-based machine learning. Fuzzy deep neural networks will be used to generate business decisions allowing for significant improvements in both decision-making time and relevance to the adopted goal functions by both supply chain partners and each of them individually.

The project is co-financed by the European Union in the framework of the "Fast Track" competition for micro, small and medium entrepreneurs - a competition for projects from less developed regions.

2022 SMARTSTOCK LIMITED LIABILITY COMPANY headquartered in Poznań at Królowej Jadwigi 43, 61-871 Poznań, entered in the register of entrepreneurs by the District Court of Poznań - Nowe Miasto I Wilda w Poznaniu, VIII Economic Division of the National Court Register under the KRS number 0000802331, NIP number 7812000413 Share capital 501.500 PLN