Invent Analytics Launches Its Profit-Optimizing Retail Supply Chain Solution Suite “Omni-AI”
Omni-AI empowers retailers to profit-optimize their supply chain and delivers significant financial improvement with an integrated supply chain planning system
October 4, 2021 - Philadephia - 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."
Retail Planning Solutions for a Profit-Optimized Future
In the new world of retail, omni-channel has become the gold standard for success. At Invent Analytics, we empower our retail clients to deliver the omni-channel promise and embrace an end-to-end approach to their planning strategy and execution.
NRF 2022 Big Ideas Session: Omni-evolution through financial optimization
Omni-channel retail: What tools do we have to measure, manage, and change?
Webinar - Omni-AI for Omni-Retail
On-demand webinar | Recorded on Aug 18th 2021 I Duration 50 minutes Profit-optimized inventory management to win in the new world of retail.
How to Find Optimal Inventory Balance to Reduce Inventory and Lost Sales
The insights in this article can help retailers increase their inventory planning capabilities significantly, reduce inventory, lost sales and achieve retail excellence.
Retail Demand Forecasting: What, How, and Why?
What is demand forecasting in retail really? How is it done? What do retailers need to create better forecasts? Let’s find out.
Omni-Channel and Retail KPIs: The Good, the Bad and the Future
The problem facing retailers today, and into the future, is that the approach of the past is too slow, too cumbersome, and too imprecise for the complexity that omni-channel creates. So, how can retailers solve this problem and move to a better future?