Mar 11, 2022
FLO is one of Europe’s largest footwear retailers, currently operating in 21 countries and 3 continents. The retailer serves millions of customers every day through its retail network of 650+ stores and its multi-brand e-commerce channels.
The retailer aimed to increase forecast accuracy, maximize availability, and optimize inventory smartly to improve supply chain efficiency. FLO needed superior omnichannel inventory planning capabilities to reduce lost sales, increase sell-through and improve fulfillment efficiency. Together, the steps taken by FLO in tandem with optimization by invent.ai will reduce costs, improving all aspects of retail planning, including assortment planning and beyond.
Specifically, FLO rolled out invent.ai's AI-based retail planning solutions, including Allocation Optimization, Replenishment Optimization, Transfer Optimization, and Markdown Optimization. As a result, leading footwear retailer reduced out-of-stocks and inventory, lowered fulfillment costs, and improved gross profit.
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