The way today’s retailers make inventory decisions has not changed, yet consumers’ expectations have. As a result, retailers scramble to adjust operations and execution to keep up with these volatile demands - yet mismanaged inventory remains the number one challenge for retailers.
Nevertheless, a game-changer has arrived: artificial intelligence (AI). AI is reinventing inventory decision-making like never before – from managing omnichannel retailing to demand forecasting to uncovering the latest consumer trends, AI has proven to be an effective way for retailers to proactively anticipate fluctuations in demand and optimize the use of their inventory. In fact, many retailers have already witnessed the economics of their business transform with the transition to AI technology - and it’s time for the rest to get on board.
Read this whitepaper to learn more about AI's business-transforming capabilities and why retailers need to make the leap towards intelligent innovation.