NRF 2021

Invent Analytics

Philadelphia,  PA 
United States
https://inventanalytics.com/
  • Booth: 4260

Invent Analytics’ Omni-AI delivers significant financial improvement by empowering retailers to profit-optimize their supply chain. It orchestrates a retailer’s entire supply chain by unifying network planning, inventory and price optimization, and fulfillment in one framework.

Invent Analytics puts your omni-customers at the heart of its tailor-fit solutions. It proves the financial benefits with pre-go-live simulations and rigorous A/B testing. Invent Analytics’ over 30 clients have experienced a 2-6% increase in profitability.

Invent Analytics’ Omni-AI SaaS solutions are:

  • Omni-Network Design
  • Omni-Plan Suite
    • Omni-Demand Forecasting
    • Omni-Store and DC Replenishment Optimization
    • Omni-Allocation Optimization
    • Omni-Transfer Optimization
    • Markdown Optimization
    • Assortment Optimization
    • Dynamic and Competitive Price Optimization
  • Omni-Fulfilment

Invent Analytics has been selected as the Top Supply Chain Startup by Retail Industry Leaders Association (RILA) and won the 2020 Startup Innovation Awards for Supply Chain.

Visit www.inventanalytics.ai for more information.

 Press Releases

  • Omni-AI empowers retailers to profit-optimize their supply chain and delivers significant financial improvement with an integrated supply chain planning system

    PHILADELPHIA - October 07, 2021 - Invent Analytics, a leading retail supply chain solutions provider is pleased to announce its new integrated omni-channel supply chain planning solution, Omni-AI, for retailers.

    Omni-AI orchestrates a retailer’s entire supply chain by unifying network planning, inventory and price optimization, and fulfillment in one common framework. With this revolutionary supply chain planning system, retailers create a measurable omni-channel framework that also puts into place a financial infrastructure which quickly aligns their supply chain with overall company profitability.

    “Today omni-channel has become the only channel for consumers, shifting retail from a linear single-channel flow into a network model of omnichannel flows. As a result, retailers started investing in transactional capabilities to fulfill that omni-channel promise. But now, we are in the third stage of omni-channel evolution. To succeed, retailers need a smart supply chain planning system to predict omni-demand, and position inventory across the retail network of stores and fulfillment centers with the anticipation of omni-flows. And that’s where Omni-AI comes into the picture.” said Gurhan Kok, Founder & CEO, Invent Analytics.

    “Omni-AI unifies supply chain planning and execution with Artificial Intelligence (AI). It combines all KPIs in one metric that is omni-profit and offers a fast path to profit maximization proven with A/B tests, typically 2-6%.” he added.

    With Omni-AI, retailers can successfully upgrade their planning capabilities, achieve higher forecast accuracy and efficiently manage their supply chains.

    “Today, retail is all about reinventing ways to serve the customer,” said Jiri Nechleba, Retail Strategist. “In doing so, retailers have deployed new customer-facing models putting inventory into motion to leverage their value. Many have found their traditional supply chain and inventory tools fall short in profitably servicing those models. Invent Analytics’ Omni-AI - a next-generation approach to the supply chain - replaces disparate KPIs with a unified financial framework. Omni-AI is designed, from the ground up, to solve the omni-channel supply chain problem."

    About Invent Analytics

    Invent Analytics delivers significant financial improvement by empowering retailers to profit-optimize their supply chain. Harnessing the power of explainable AI and adaptive analytics, Invent Analytics helps retailers solve omni-channel challenges and win in the new world of retail.

    Invent Analytics puts omni-customers at the heart of its tailor-fit solutions and delivers speed to value. It proves the financial benefits with pre-go-live simulations and rigorous A/B testing.

    Over 30 retailers worldwide have chosen Invent Analytics’ profit-optimizing solutions to power their inventories and supply chains. Invent Analytics’ clients have experienced a 2-6% increase in profitability, increased sales, lowered inventory, and reduced fulfillment costs. The company’s SaaS solutions offer agility and scalability to retailers and require zero capital investment due to the pay-as-you-go subscription model.

    Invent Analytics’ Omni-AI SaaS solutions are:

    - Omni-Network Design

    - Omni-Plan Suite

    • Omni-Demand Forecasting
    • Omni-Store and DC Replenishment Optimization
    • Omni-Allocation Optimization
    • Omni-Transfer Optimization
    • Markdown Optimization
    • Assortment Optimization
    • Dynamic and Competitive Price Optimization

    - Omni-Fulfillment

    For more information, please visit www.inventanalytics.ai

    Contacts
    Press Contact
    Invent Analytics
    Irem Akdere Cinga, Content Marketing Manager
    irem.cinga@inventanalytics.com

  • Invent Analytics’ AI-powered Demand Forecasting Solution empowers Fozzy Group’s objectives to optimize their inventory management and drive profitability by achieving higher forecasting accuracy.

    September 28, 2021, Philadelphia - One of the leading Ukrainian grocery retailers Fozzy Group has announced today its partnership with Invent Analytics to improve its forecast accuracy. Fozzy Group undertook an extensive review of 11 solution providers for this project and selected Invent Analytics as it was the company that has provided the highest forecast accuracy during the POC period. Invent Analytics’ AI-powered Demand Forecasting Solution will enable Fozzy Group to increase availability and decrease days of supply by creating forecast even at the lowest level of detail (Store-SKU-Day, Category –Channel- Week and so on).

    Fozzy Group will be implementing Invent Analytics’ Demand Forecasting Solution - a fully automated, AI-powered demand forecasting system allowing retailers to have probabilistic forecast that takes into account all types of omni-channel transactions and effect on demand. Through this solution, Fozzy Group will have the ability to improve its forecast accuracy for its 42500 SKUs and feed its inventory decision systems.

    Already a strong player in the retail space with over $3 billion annual revenue and 1100 stores, Fozzy Group expects the partnership with Invent Analytics to increase promotional item forecast accuracy and determine cannibalization and halo effects in substituting items, as well. Invent Analytics’ technology will help Fozzy Group to improve new SKU and new store opening forecasting and empower the retail giant to improve inventory levels with decreased stock outs and spoilage.

    “Embracing AI-powered demand forecasting is no longer a 'nice-to-have' future-focused project; it is a 'must-have' capability for all retailers competing in the ever-changing retail landscape. Retailers can use AI to improve their forecasting and reduce inventory carry costs and lost sales more effectively." said Maksym Tipukhov, Demand Forecasting Director at Fozzy Group. “Invent Analytics’ sophisticated, cloud-based forecasting solution that leverages AI is perfectly in line with our desire to enhance our demand planning, allowing us to be more proactive and innovative in the new retail world. I believe the science and technology Invent Analytics bring will help us achieve higher forecast accuracy and make data-driven decisions quickly and efficiently. Plus, their continuous support and innovation will help us to take our business to the next level.”

    Ozgur Karabulut, VP of Solutions, Invent Analytics adds, “The importance of instant innovation power in the retail industry cannot be overstated. The ever-increasing number of SKUs, price pressures, demanding customers, and a multitude of order fulfilment options make demand-planning more complex than ever before. Invent Analytics lives and breathes retail through its specialized expertise in AI and advanced analytics to solve these challenges. And, we’re thrilled to support Fozzy Group’s ambition to leverage AI and increase its capabilities in demand forecasting to thrive in the new world of retail.”

    About Fozzy Group

    Fozzy Group is one of the largest trade industrial groups in Ukraine and one of the leading Ukrainian retailers, with over 1100 outlets all around the country. Fozzy Group is introducing modern solutions in all areas of its activity. By investing in improving its business processes, the group has achieved leading positions in the retail market. By performing retail chains logistics through its own distribution centers, Fozzy Group has been able to ensure the timely delivery of food to its stores all over Ukraine.

    About Invent Analytics

    Invent Analytics delivers significant financial improvement by empowering retailers to profit-optimize their supply chain. Harnessing the power of explainable AI and adaptive analytics, Invent Analytics helps retailers solve omni-channel challenges and win in the new world of retail.

    Invent Analytics’ Omni-AI is an intelligent supply chain solution suite which orchestrates a retailer’s entire supply chain by unifying network planning, inventory and price optimization, and fulfillment in one framework. Omni-AI frees you from managing conflicting KPIs and empowers you to boost your financial performance.

    Invent Analytics puts your omni-customers at the heart of its tailor-fit solutions and delivers speed to value. It proves the financial benefits with pre-go-live simulations and rigorous A/B testing.

    Over 30 retailers worldwide have chosen Invent Analytics’ profit-optimizing solutions to power their inventories and supply chains. Invent Analytics’ clients have experienced a 2-6% increase in profitability, increased sales, lowered inventory, and reduced fulfilment costs. The company’s SaaS solutions offer agility and scalability to retailers and require zero capital investment due to the pay-as-you-go subscription model.

    Invent Analytics’ Omni-AI SaaS solutions are:

    -             Omni-Network Design

    -             Omni-Plan Suite

    • Omni-Demand Forecasting
    • Omni-Store and DC Replenishment Optimization
    • Omni-Allocation Optimization
    • Omni-Transfer Optimization
    • Markdown Optimization
    • Assortment Optimization
    • Dynamic and Competitive Price Optimization

    -             Omni-Fulfillment

    Invent Analytics has been selected as the Top Supply Chain Startup by Retail Industry Leaders Association (RILA) and won the 2020 Startup Innovation Awards for Supply Chain.

    Visit www.inventanalytics.ai for more information.

 Products

  • Omni-Demand Forecasting
    Achieve the highest forecast accuracy in the omni-channel world...

    • Becoming a future-ready retailer and delivering greater shopping experiences across all touchpoints requires you to put your omni-customer at the heart of your operations. 

    At Invent Analytics, we focus on your omni-customer’s world. We use the most advanced analytic techniques and explainable AI to forecast their behaviors at the same granularity that the customers make choices.  

    Our Omni-Demand Forecasting, engineered specifically to help you meet the demands of your omni-channel customers, gives you highly accurate forecasts at all levels of granularity in your demand planning.

    By forecasting demand at each location, we position inventory at the right amount at each location so that you can successfully increase your order fulfilment performance and keep your customers happy.

    Visit this page for more information.

  • Omni-Store and DC Replenishment Optimization
    Maximize inventory turns and availability with profit-optimized inventory decisions...

    • Replenishment solutions with the service-level frameworks are built for the old world of retail. They can no longer help retailers manage the complexity of the omni-channel world. Only a profit-optimizing replenishment solution holds the key to win in an omni-future.

    Our Omni-Store and DC Replenishment solution frees you from the continuous parameter setting and calibrations. It upgrades inventory decisions from a judgment-driven, KPI-measured process to a financial optimization-driven and measured process.

    Omni-Store and DC Replenishment accelerates your replenishment capabilities, enabling you to make profit-optimized inventory decisions every day. Now you can deliver superior customer service while squeezing every last basis point of margin from your business.

    Visit this page for more information.

  • Omni-Allocation Optimization
    Allocate your inventory in anticipation of omni-channel demand that could be fulfilled from every possible source...

    • An advanced allocation optimization solution means much more than meeting customer demand at a store or regional level.  Solution-based service-level frameworks to manage store inventories cannot capture the omni-channel complexity successfully.  Initial and in-season allocation decisions should position inventory optimally anticipating offline sales and omni-customers’ fulfillment needs – to be close to the omni-customers without carrying excessive inventory.

    Our Omni-Allocation makes products readily available at stores for fast pick up by or delivery to customers while avoiding overflow inventory to stores. It allocates inventory of your short-life products to stores, mini-DC’s and hub-stores in anticipation of omni-channel demand so that you can fulfill from every possible source. 

    By sending the right amount of inventory to your stores, you reduce left-over risks at stores and early stockout risks at distribution centers. As a result of dynamic and smart positioning of inventory, you get higher sell-through and reduce overall fulfillment costs.

    Visit this page for information.

  • Omni-Network Design
    Achieve omni-channel success by optimizing supply chain design and fulfillment network configuration...

    • A Digital Retail Supply Chain Twin for Inventory and Fulfilment Flows

    Customers can now choose not just where to buy, but also where to collect or receive their goods. They can also choose how fast they want their orders fulfilled. How well your network responds, depends on how well you plan and how well you fulfill.

    The challenge for retailers is to configure their supply chain and inventory positioning to fulfill omni-orders at low cost. Silo-driven perspectives with store KPI's and DC KPI's no longer capture the omni-channel complexity or the multiple roles of stores and DC's. 

    The question is: “What network structure best positions your supply chain to fulfill omni-customer demand most profitably?”. Omni-Network Design provides the answer.

    Visit this page for more information.

  • Markdown Optimization
    Accelerate your margin growth by optimizing markdowns throughout the product lifecycle...

    • The new retail landscape isn’t static; your markdowns shouldn’t be either. Winning in the competitive omni-retail era requires you to excel at pricing strategies and create a path to potential margin growth. That means using more effective, optimally timed markdowns for each product that differentiates between regions, climates and stores.

    Our Markdown Optimization Solution helps you maximize your overall profit by optimizing your pricing strategy for each item over its lifetime. It allows you to accurately predict seasonal demand for new products with limited history.  By analyzing product attributes and markdown products at the store-size level, it enables you to maximize revenues from your inventory investment. 

    Markdown Optimization leverages full capabilities of AI and advanced analytics to help you anticipate omni-fulfillment opportunities for each and every product. It enables you to lower your markdown loss, achieve higher sell through, and gain visibility into end-of-season sales and inventory levels.

    Visit this page for more information.

Categories

Consulting Services
  • Supply Chain
    • Merchandising
  • Forecasting
  • Planning and Execution
  • Price, Promotion and Markdown
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