Spotlight Series | Inventory Planning & AI Optimization For Retail Success
Podcast: Omni Talk RetailPublished On: Mon Jan 08 2024
Description: We discuss effective retail inventory planning and allocation strategies with Greg Arthur, VP of Retail Strategy at Onebeat. Greg shares how leveraging AI for inventory optimization helps retailers maximize sell-through rates and profitability. Key topics covered include: - Self-adjusting, short-term algorithms for granular inventory level predictions - Allocating the right inventory across stores and channels - Reducing markdowns and carryover stock with data-driven replenishment - Achieving higher sales velocities and sell-through rates - Streamlining onboarding with quick proof of value simulations - Success stories of boosted sales and margins with less total inventory This podcast highlights smart approaches to retail inventory planning using AI and machine learning for better results. *Sponsored Content*
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