Invent Analytics, an award-winning global retail planning solutions provider, announces it will host an Exhibitor Big Ideas session on profit-driven inventory optimization at NRF 2024: Retail's Big Show. Gurhan Kok, Founder & CEO of Invent Analytics, will be joined by award-winning executives Erica Evans of GNC and Scott Vifquain of Tailored Brands to discuss how their companies are leveraging AI technology to optimize inventory levels across channels, boost customer satisfaction, and maximize profitability. Invent Analytics will also showcase its suite of intelligent retail supply chain solutions at booth #4141.
NRF 2024 Retail’s Big Show is an annual conference and expo for professionals in the retail industry to hear from the biggest changemakers, experience the latest innovations, and gather new perspectives. This opportunity to meet two 2023 Award winning Retail Executives is scheduled for Tuesday, Jan. 16, at 1 p.m. ET, and Invent Analytics’ inventory optimization masterclass will offer attendees expert insights from:
● Erica Evans, VP of Merchandise Planning, Replenishment, Allocation, Pricing & Business Intelligence at GNC: Over the last five years, Erica has spearheaded supply chain transformation projects that have helped GNC overcome disruptions and seize optimization opportunities. Erica will share how GNC leverages AI-powered solutions to make profit-optimized decisions about inventory planning, store replenishment, and DC replenishment. In honor of her efforts, Erica was named a 2023 Women in Supply Chain Award winner.
● Scott Vifquain, Chief Technology Officer at Tailored Brands: Scott has launched multiple technology initiatives to enhance the customer experience and optimize retail operations for his company’s brands, including Men’s Wearhouse and Jos. A. Bank. Scott will discuss how implementing AI-driven decision-making in its tuxedo rental business has helped Tailored Brands improve forecast accuracy, achieve precise inventory planning, boost sales, and ensure product availability. In recognition of his work, Scott was named to Retail Info Systems’ Top 10 Mover & Shakers in Retail 2023 award list.
“Over the last few years, the retail industry has seen significant demand shifts, evolving customer expectations, and unprecedented disruptions. As a result, inventory management has become more complex than ever before. Retailers need a smarter approach that is fit for the modern omni-channel world—and innovators like Erica and Scott are leading the way,” said Prof. Gurhan Kok, Founder & CEO of Invent Analytics. “Our masterclass will explore how GNC and Tailored Brands have refined their inventory strategies for greater profitability, and we hope attendees get inspired to transform inventory management into a major competitive advantage for their own organizations.”
During the show, Invent Analytics will showcase Omni-AI, an intelligent suite of AI-powered retail planning solutions that deliver measurable profit improvements to large retailers in as little as three months. The platform’s offerings include: AI-Based Demand Forecasting, Replenishment Optimization, Seasonal/Short-Life Allocation, Phantom Inventory, Returns Positioning, Transfer Optimization, Price Optimization, and Markdown/Promo Pricing. Invent Analytics’ experts will be on hand to discuss how the technology can seamlessly integrate with a retailer’s current systems, providing immediate and long-term benefits to business operations.
NRF 2024 attendees are invited to book a meeting with the Invent Analytics team at the company's booth: https://hub.inventanalytics.com/invent-analytics-at-nrf2024.
About Invent Analytics
Invent Analytics is a global retail inventory optimization solutions provider that helps leading retailers accelerate their omni-aware complexities by using profit-optimization models for demand forecasting, allocation, replenishment, returns, and markdowns, powered by AI with advanced analytics.
Invent Analytics has been named as a representative vendor in Gartner 2022 Market Guides, including Retail Forecasting, Allocation and Replenishment Solutions and Retail Unified Price, Promotion and Markdown Optimization Applications – Short Life Cycle.
https://www.inventanalytics.com
