Enhancing Inventory Optimization with Composable Analytics
In the latest episode of the Martalks Podcast, host Darrell Rosenstein is joined by Gurhan Kok, the founder and CEO of Invent Analytics to discuss how composable analytics like Invent's allow retailers to assemble different tools and technologies to create a solution that meets their specific needs.
Along with insightful background on how he ended up in the world of retail inventory analytics, Gurhan also touches on some of his commercial strategies, including:
- Focusing on quick ROI: By focusing on a small number of products or locations to start, retailers can then scale the solution up as they begin to see results.
- Invent Analytics' willingness to work with imperfect data: The solution uses AI and machine learning to compensate for the lack of data so that retailers can still achieve accurate demand forecasts and optimize inventory levels.
- Focusing on short time-to-value: Since Invent Analytics can integrate with legacy systems, retailers are able to achieve a quick and implementation so they can start seeing results fast.
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Special ReportSpecial Report: The Future of Grocery Retail Planning
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VideoOmni-Channel Is the New Customer Expectation - What It Means for Inventory
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VideoMeet Invent Analytics at NRF 2022!
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VideoTop 3 Highlights from NRF 2023
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VideoHow Economic Challenges Are Impacting Inventory Strategies in 2023
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VideoElevate Retail Success With Our Phantom Inventory Solution
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AI-Driven Inventory Optimization with Academy Sports + Outdoors
Academy Sports + Outdoors VP Merchant Systems Operations, John Jarrett, and Sr. Director Logistics and Distribution, Kyle Foulkrod, joined Invent Analytics Founder & CEO, Gurhan Kok, and Chief Revenue Officer, Tav Tepfer to share how they transformed their people and processes and achieved unparalleled results in just a few months. Learn how will how they reduced lost sales, ensured product availability, and optimized profitability across diverse channels through AI-driven inventory management, intelligent demand forecasting, and precise inventory decision-making.
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NRF 2024 Inventory Optimization Masterclass with Tailored Brands and GNC
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VideoDecoding AI in Retail: Forecasting vs. Decisioning for Retail Growth
Learn why a forecast, even one enhanced by AI, falls short without the strategic integration of AI decisioning.
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Academy Sports 2023: How AI Powers a New Approach to Drive Profitability
Academy Sports + Outdoors VP Merchant Systems Operations, John Jarrett, and Sr. Director Logistics and Distribution, Kyle Foulkrod, joined Invent Analytics Founder & CEO, Gurhan Kok, and Chief Revenue Officer, Tav Tepfer to share how they transformed their people and processes and achieved unparalleled results in just a few months. Learn how will how they reduced lost sales, ensured product availability, and optimized profitability across diverse channels through AI-driven inventory management, intelligent demand forecasting, and precise inventory decision-making.
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VideoBehind the Seams: Overcoming Allocation Challenges in Apparel Retail
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PodcastAI-powered Advanced Analytics for Better Pricing, Supply Chain and Merchandising Decisions for Retailers
The retail industry is constantly evolving and becoming more customer-centric to meet the demand of omni-channel customers. That also means inventory optimization is taking center stage.
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PodcastInvent Analytics Conversations: The Future of Omni-Channel Grocery Retail
In this The Future of Omni-Channel Grocery Retail podcast, Prof. Gurhan Kok and Justin Honaman get together and answer some fundamental questions that are on grocery retailers’ agenda.
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PodcastInvent Analytics Conversations Podcast: The Future of Inventory Optimization
In this episode, we welcome our CEO, Gurhan Kok, where he talks about retail planning predictions, omni-channel inventory optimization challenges, and opportunities in the new world of retail.
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Research PaperResearch Paper: Variety and Inventory Trade-off in Retailing: An Empirical Study
Identifying the right level of variety and associated inventory has been an open question in both the retail industry and academia for a long time.
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Research PaperResearch Paper: Omnichannel Assortment Planning
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Research PaperResearch Paper: Stockout Risk Estimation and Expediting for Repairable Spare Parts
This research paper written by Prof. Gurhan Kok, Asst. Prof. Mustafa Hekimoglu and Mustafa Şahin focuses on developing an advance stockout risk estimation system for repairable spare parts.
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GuideEarth Day 2023: How to Reduce Fresh Food Waste
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GuideFinding Optimal Inventory Balance: How to Reduce Inventory and Lost Sales
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GuidePre-Season Planning: Why Successful Inventory Optimization is Vital in Fashion Retail
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GuideA Retailer’s Guide for Returns Forecasting
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GuideDark Stores: A Pocket Guide for Grocery Retailers
Download this free pocket guide to find out what a dark store is and the challenges of running dark stores from an inventory planning perspective.
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GuideDemand Forecasting Pocket Guide for Retailers
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InfographicCase Study Infographic: Fiba Retail Group
Download the infographic to find out how Fiba Retail Group accelerates its demand forecasting and inventory planning capabilities.
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InfographicCase Study Infographic: Mavi
Download the infographic to find out how Mavi increased availability, reduced lost sales, and maximized profitability.
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InfographicCase Study Infographic: Migros
Download the infographic to find out how Migros managed to increase stock availability and reduce inventory days.
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InfographicCase Study Infographic: FLO
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InfographicTop 5 Reasons for Inventory Discrepancies
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InfographicInfographic: Why Retailers Need Markdown Optimization and How It Works
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