invent.ai Recognized as a Finalist for the 2022 Supply Chain Innovation Award

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 global businesses that demonstrate excellence in supply chain innovation.

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 Omni-Channel Demand Forecasting and Inventory Optimization Solutions empowered FLO to adapt and thrive in the omni-channel retail world. Not only we have integrated an end-to-end supply chain planning system to help FLO deliver superior omni-channel 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 omni-channel retailing enabled us to design more profitable and faster omni-channel network structure and exceed the expectations of our omni-channel 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 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 omni-channel journey.
• Learn more about invent.ai's Omni-Network and Omni-Channel Inventory Optimization

About invent.ai

invent.ai's Omni-AI delivers significant financial improvement by empowering retailers to profit-optimize their supply chain. It orchestrates a retailer’s entire supply chain by unifying network planning, inventory and price optimization, and fulfillment in one framework.

invent.ai puts retailers’ omni-customers at the heart of its tailor-fit solutions. It proves the financial benefits with pre-go-live simulations and rigorous A/B testing. invent.ai's over 30 clients have experienced a 2-6% increase in profitability.

invent.ai's Omni-AI SaaS solutions are:

- Omni-Network Design

- Omni-Plan Suite

• Omni-Demand Forecasting
• Omni-Store and DC Replenishment Optimization
• Omni-Allocation Optimization
• Omni-Transfer Optimization
• Markdown Optimization
• Assortment Optimization
• Dynamic and Competitive Price Optimization

- Omni-Fulfillment

invent.ai has been selected as the Top Supply Chain Startup by Retail Industry Leaders Association (RILA) and won the 2020 Startup Innovation Awards for Supply Chain.