Philadelphia, July 11, 2022 – invent.ai, a leading retail supply chain solutions provider, today announced that it has been named a finalist for the 2022 Supply Chain Innovation Award (SCIA).
The Supply Chain Innovation Award recognizes the most innovative and outstanding supply chain practice of the year. It celebrates leading companies implementing pioneering technologies to solve the toughest supply chain challenges and achieve significant and provable results. Invent.ai is honored to be among the global businesses that demonstrate excellence in supply chain innovation through enhanced order fulfillment, reduced costs of managing inventory, streamlined supply chain processes and eliminating the time-consuming hassle of manual rework.
The company is selected as a finalist with its “Omni-Channel Supply Chain Network and Inventory Planning Optimization” project in partnership with a leading European footwear retailer, FLO.
“We are happy and proud to be recognized by SCIA among the most innovative companies in the supply chain domain,” says Gurhan Kok, CEO of invent.ai.
“This project is a great example of how invent.ai's Omni-Network and Omnichannel demand forecasting and inventory optimization solutions empowered FLO to adapt and thrive in the omni-channel retail world. Not only have we integrated an end-to-end supply chain planning system to help FLO deliver superior omnichannel customer experiences, but we have also profit-optimized their entire supply chain and delivered significant financial improvement with our AI-powered solutions,” he commented.
“With invent.ai, we have achieved remarkable results. Invent.ai not only has the right supply chain network and inventory planning solutions but their know-how and deep understanding of omnichannel retailing enabled us to design a more profitable and faster omnichannel network structure and exceed the expectations of our omnichannel customers,” Burak Ovunc, CEO of FLO said.
The jury, consisting of Council of Supply Chain Management Professionals’ (CSCMP) Research Strategies Committee (RSC) members and the editorial board of SupplyChainBrain magazine will review and select the winning “Innovation in Action” project in September 2022. The Supply Chain Innovation Award winner will be announced at EDGE 2022 Supply Chain Conference & Exhibition in Nashville, Tennessee.
Additional Resources
- Discover FLO’s omnichannel journey.
- Learn more about invent.ai's AI-powered solutions
About invent.ai
Invent.ai delivers immediate, measurable value with a unique comprehensive AI architecture that brings together your retail planning data, predicts outcomes, and dynamically recommends actions for inventory, pricing, merchandising, and more. Trusted by brands like Alo, Academy Sports + Outdoors, Five Below and Mavi, our integrated modular platform fuses retail and data science to drive guaranteed comp growth and EBIT in under three months, backed by our Hub Model, a powerhouse, tailored support from a team of 200+ experts.