Guac offers an AI-powered demand forecasting platform specifically designed for fresh grocery items, utilizing local data points such as weather and social media trends to predict daily SKU demand at each store. This technology reduces food waste by 38% and increases on-shelf availability by 2%, ensuring optimal inventory management.
Funding
$2.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CFFounders
Product
Problem
Fresh grocery retailers face challenges in accurately predicting demand for perishable items, leading to significant food waste from overstocking and lost revenue from understocking. Traditional forecasting methods often fail to account for the complex interplay of local factors that influence consumer purchasing decisions for fresh produce, meats, and prepared foods.
Solution
Guac provides an AI-powered demand forecasting and replenishment platform tailored for the fresh grocery sector. The system analyzes hundreds of local data points, including weather patterns, social media trends, local events, and demographic data, to generate highly accurate, store-specific demand predictions for each stock-keeping unit (SKU) on a daily basis. By optimizing inventory levels, Guac helps retailers minimize food waste, increase on-shelf availability, and improve profitability. The platform offers tools for both store teams, to optimize ordering and production, and for corporate teams, to monitor and manage fresh operations across the entire chain.
Target Audience
Guac targets fresh grocery retailers, including supermarkets, specialty food stores, and regional grocery chains, seeking to reduce food waste and improve inventory management.
Features
- AI-driven demand forecasting algorithm built specifically for fresh grocery items
- Integration of diverse local data points, including weather, social media, and event calendars
- Daily SKU-level demand predictions for each store location
- Fresh ordering and inventory management tools for store teams
- Production planning module for prepared food items
- Head office dashboard for monitoring and managing fresh operations across multiple stores