ToolsGroup’s Post

Of course, a big part of growing as a brand is also growing your product portfolio. You test new ideas. Introduce new categories. And your SKUs go from a few to many in no time. That's all great! BUT WHAT HAPPENS AFTER THAT? >> How do you prioritize and manage your product mix? >>> What quantities should each SKU be produced in? >>> Which ones have the most and least demand? Answering these and other SKU-level questions may get difficult when you have a large product portfolio. But not doing it can throw you and your supply chain off track as you grow aggressively. Here's how we make AI-powered SKU Optimization possible for large portfolio companies: https://hubs.li/Q02vJS2D0

Three+ years ago I got on a call with Radim Jung and Tomas Formanek, back before ChatGPT existed, and when AI was just "getting started." They showed me their platform - a proprietary ML/AI tool to forecast product demand. At the time, I remember thinking "I'm not 100% sure WHAT that platform is doing, but it's going to be a game changer." After an amazing partnership, we are bringing Inventoro into the Cin7 family. Our customers will have access to a truly powerful platform to help their businesses grow & scale, in the smartest way possible. For our partners, we'll be bringing you some amazing ways to incorporate Inventoro into your practices. For our clients, join us in May for an overview of the platform. Link in comments to register! For the ML/AI nerds out there... watch this space with us! We're just getting started.

Enabling #intelligentcommerce in a #multichannel world with #ai driven insights and #automation at the core is Cin7 game-play. What better way to do this -- Inventoro is now part of Cin7! Find out more in this webinar https://lnkd.in/gPayjsYp #connectedinventoryperformance is not just about efficient movement of stock. Intelligent #forecasting and #demandplanning aggregated across sales channels to reduce stock-outs and overstocking should be table stakes for any business, and should be infused in any #inventorymanagement solution. #wearejustgettingstarted We invite businesses, #techpartners, #servicespartners, evangelists to come along. #ecommerce #commerce #supplychain Radim Jung Tomas Formanek and Inventoro team - Welcome to Cin7 family!

Discover how AI-powered inventory management is driving print-on-demand fulfillment logistics. At merchOne, we're using AI tools to continuously increase our efficiency and meet our 48-hour fulfillment promise. Among a range of AI-driven operations, we analyze live production data to ensure more accurate demand forecasting and optimize promotional campaigns, providing unmatched support to our B2B partners 💪 Read more about the impact of AI in inventory management and our insights in The Ecomm Manager article: https://lnkd.in/dP43JFP2 #PrintOnDemand #AutomatedFulfillment #InventoryManagement #AIPowered

Cin7 is bringing AI with purpose to our customers. ForesightAI will bring real, actionable AI to product sellers and remove the guess work to optimize inventory management. Excited to take the first step forward on our AI journey. Interested in learning more? Check out the link below!

Let's face it: When employees are given repetitive job tasks like those involved in order fulfillment, accuracy can suffer. If you're dealing in high-end luxury brands where reputation is everything, customers can be less forgiving when it comes to order errors.🧐   More companies are talking about their automation journeys in an effort to find better solutions. This automation roundtable, put on by the Metro Atlanta Chamber, brought together both automation customers and experts. Rick DeFiesta, Executive Vice President of Sales and Solutions at Geek+, joined the talk to offer his expertise on how automation can all but eliminate accuracy problems while significantly increasing throughput.   #companyculture #inthenews #orderfulfillment 

Loftware has been recognized by SupplyTech Breakthrough as "Supply Chain Visibility Company of the Year." This is the third consecutive year the company has been recognized by SupplyTech Breakthrough as a leader in supply chain technology. https://lnkd.in/dpNjc7-e #TechNews #StayInformed #StayAhead #dailydose #followus #staytuned #stayconnected #technews #technology #trending #trendingnow #trendingnews #explore #explorepage #techdogs

Today, retailers constantly struggle to maintain optimal inventory levels, and for most of them, this problem translates to significant financial losses: - 5% - 18% in lost sales due to stockout - 20% - 30% trapped cash due to overstock - 3% – 9% lost gross profits due to deficient promotions This is why the team behind Celes created an AI solution that helps retailers plan, simplify, and optimize their purchasing, distribution, and promotion operations. Read the full story on Founders Launchpad: https://lnkd.in/e_e-iXXz

🚀 Boost Demand Forecasting with AI! 🤖 AI-powered demand forecasting is transforming how businesses predict and manage their inventory. Here’s how it helps: 1. Increased Accuracy 📊: AI analyzes historical data to make precise predictions, reducing costly errors in forecasting. 2. Scalability 🔄: Easily manage large datasets and forecast across multiple products and locations without breaking a sweat. 3. Cost Efficiency 💰: Smarter forecasts lead to fewer stockouts, less overstock, and ultimately better cash flow. With AI doing the heavy lifting, your role shifts to refining strategy and unlocking new opportunities. Curious if AI-powered forecasting can elevate your business? Book a call today to see if Cin7 Core is the perfect fit! #Cin7Core #inventoryoptimization #demandforecast #cashflow

Today, retailers constantly struggle to maintain optimal inventory levels, and for most of them, this problem translates to significant financial losses: - 5% - 18% in lost sales due to stockout - 20% - 30% trapped cash due to overstock - 3% – 9% lost gross profits due to deficient promotions This is why the team behind Celes created an AI solution that helps retailers plan, simplify, and optimize their purchasing, distribution, and promotion operations. Read the full story on Founders Launchpad: https://lnkd.in/gtbc3NSV