Ida's app also generates order forms for the central purchasing office and local producers, and allows staff members to manually review and adjust orders. The startup estimates that 70-75% of the app's suggestions are accurate and are not manually changed by grocers. The company is planning to expand the app to other perishable goods, such as meat and fish.
Key takeaways:
- French startup Ida has raised a $2.9 million seed round to develop a tablet app that helps grocery stores optimize their orders of fresh products.
- The app uses a sales forecasting algorithm to guide when it's time to reorder fresh products, starting with fruits and vegetables.
- Ida's system takes into account more than a hundred different parameters and at least three years of sales data to forecast demand, and can generate next orders while allowing for manual adjustments by staff members.
- The startup estimates that 70 to 75% of its suggestions are accurate and aren't manually changed by grocers, potentially improving the bottom line and reducing the environmental impact of supermarkets.