Making merchandising decisions as a fashion business is essential for inventory surplus, increasing sales, and lowering inventory loads. This is relatively simple to achieve based on macro analytics, but automating and anticipating demand at a local level is significantly more challenging.
Nextail provides AI-driven merchandise management solutions for fashion retailers, providing analytics at a hyper-local level to help companies optimize their inventories. Its tools help to predict ideal purchase quantities to reduce leftovers, replenish stock precisely, transfer stock between stores, and engage with actionable data-driven analytics.
Whilst AI-driven merchandising solutions have been on the market for several years, Nextail’s angle of specializing in tackling inventory optimization within the fashion retail industry is a rather unique one. Furthermore, the company has made a smart move by focussing on hyper-local analytics and insights, helping to make a company more profitable at the macro level by focussing on micro efficiencies.
Kirsty
Company Specialist at Welcome to the Jungle