Invent Analytics, a provider of AI solutions for retailers, has been named the winner of 2020 Startup Innovation Awards for Supply Chain presented by the Retail Industry Leaders Association (RILA), the trade association representing the world’s largest retail brands. Invent Analytics’ solutions use artificial intelligence (AI) to help companies optimize their inventory and pricing levels.
For this year’s award RILA received more than 50 nominations, which were narrowed down by its Supply Chain Technology Advisory Council to three finalists: Invent Analytics; autonomous delivery-vehicle provider Gatik and autonomous mobile robot provider Magazino. Each of the finalists presented their solutions on Monday to the attendees during a general session at LINK2020 and attendees voted on the winner. “We’re honored to win RILA’s Startup Innovation Award,” said Gurhan Kok, founder of Invent Analytics. “The tremendous feedback we’ve received shows retailers are ready to take inventory management to the next level and that our profit maximizing solution, driven by state-of-the-art AI, is what they have been waiting for.”
“As retailers look to evolve their supply chains to meet consumer demands in new and exciting ways, exposure to new players and cutting-edge solutions is incredibly valuable,” said Jess Dankert, RILA’s vice president of supply chain. “The Awards showcase innovation and the fact that top retail supply chain executives chose Invent Analytics as the winner is a great testament to their technology and hard work. RILA is honored to be able to recognize them in Dallas.”
Read the official announcement here.