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Customer Testimonial: Burak Ovunc, CEO of FLO - One of Europe’s Largest Footwear Retailers

FLO is one of Europe’s largest footwear retailers, currently operating in 21 countries and 3 continents. The retailer serves millions of customers everyday through its wide retail network of 650+ stores and its multi-brand e-commerce channels.

The retailer aimed to increase forecast accuracy, maximize availability, and optimize inventory smartly to improve supply chain efficiency. FLO also needed superior omni-channel inventory planning capabilities to reduce lost sales, increase sell-through and improve fulfillment efficiency.

FLO rolled out Invent Analytics’ AI-based retail planning solutions, including Allocation Optimization, Replenishment Optimization, Transfer Optimization, and Markdown Optimization. As a result, leading footwear retailer has reduced out-of-stocks and inventory, lowered fulfillment costs, and improved gross profit.