invent.ai Has Been Named a 2024 Great Supply Chain Partner

Aug 01, 2024

PHILADELPHIA — Aug. 1, 2024 — invent.ai, an award-winning global retail planning solutions provider, proudly announces it has been named to this year’s 100 Great Supply Chain Partners award list by SupplyChainBrain. The annual list spotlights companies that provide outstanding solutions, services, and continuous value to their customers, improving supply chain performance and efficiency. invent.ai was selected for its AI-driven inventory optimization solutions and unique partnership approach that help large retail clients boost sales, customer satisfaction, and bottom line profits. 

As a trusted solutions provider, invent.ai partners with leading retailers to accelerate their omni-channel capabilities and boost margin dollars through the power of AI. invent.ai's AI-driven platform offers all the tools retailers need to optimally position inventory across their supply chains, including solutions for demand forecasting, allocation, store & DC replenishment, returns positioning, markdown optimization, price optimization, phantom inventory detection, and inventory transfers.

Notably, invent.ai enables retailers to quickly implement its solutions for rapid results. Using scientific A/B testing with control stores, invent.ai proves the financial impact of its solution, including higher level of sales and increased bottom line profit. invent.ai's client partnerships extend far beyond implementation. Each partnership continues through invent.ai's Hub Model, where a dedicated team of experts work on an ongoing basis to identify opportunities to improve the results of the platform and customize the solutions to clients’ evolving needs.

“Inventory planning is a delicate balancing act that has become even more complex with the rise of omni-channel. Yet most retailers still use traditional systems or even spreadsheets that heavily rely on manual inputs and human judgment. At Invent, we offer a modern, AI-driven approach to inventory optimization. Our platform eliminates the guesswork and automates decision-making about inventory levels, positioning, timing, and pricing — helping our clients maximize profit dollars while keeping customers satisfied,” said Tav Tepfer, Chief Revenue Officer, Invent. “However, it's not just our technology that is attractive to retailers. It’s also our ability to provide ongoing strategic support and operate as a truly cross-functional, collaborative team.”

Today, invent.ai works with leading retail clients like Men’s Wearhouse, Jos. A. Bank, GNC and Academy Sports + Outdoors. Its AI-driven inventory solutions deliver proven results, including:  

• 2-6% gross profit improvement

• 20-30% increase in sales 

• 10-30% reduction in inventory carrying costs

• 15-20% reduction in fulfillment costs

• 20-50% higher forecast accuracy 

“For twenty-two consecutive years, SupplyChainBrain has published our much-anticipated list of 100 Great Supply Chain Partners — a select group of companies whose customers recognize them for providing outstanding solutions and services. Our six-month online poll of supply chain professionals requires a qualified response, asking them to nominate vendors and service providers whose solutions have made a significant impact on their company’s efficiency, customer service and overall supply chain performance. This year’s field of nominees was highly competitive and overall excellent – coming from all areas of supply chain management. Your company should be proud to be named as one of the 100 Great,” said Brad Berger, Publisher, SupplyChainBrain. 

To read invent.ai's client success stories, click here. 

About SupplyChainBrain 

SupplyChainBrain, today’s most comprehensive supply chain management information resource, is accessed year round through a wide range of ever evolving multi-media formats by hundreds of thousands of the world’s most influential supply chain executives. In addition to addressing the fundamental principles of supply-chain management, SupplyChainBrain identifies the latest news, emerging trends, technologies and best practices, forward thinking ideas and cutting-edge solutions - and continues to write and report about these as they evolve and mature.