On the episode streaming now, Gurhan Kok explores how AI can take the guessing game out of inventory planning and help omnichannel retailers maximize profitability
PHILADELPHIA, Aug. 24, 2023 — Invent Analytics, an award-winning global retail planning solutions provider, announces that founder and CEO, Gurhan Kok, has been featured on The Martalks Podcast. In the episode, titled, “Enhancing Inventory Optimization with Composable Analytics,” Gurhan and host Darrell Rosenstein explore the modern challenges of omnichannel retailing and how artificial intelligence (AI) is powering more profitable inventory decisions. The episode is now streaming on Spotify, Google, and Apple Podcasts.
In retail, inventory planning has always been a complex balancing act between keeping inventory levels high enough to meet demand, but low enough to minimize costs and waste. In the podcast, Gurhan shares how Invent Analytics’ inventory optimization solutions use advanced algorithms and AI to find the right balance, helping retailers maximize profitability and customer satisfaction.
“Inventory is the lifeblood of retail. Retailers must control inventory flow to make customers happy,” said Gurhan. “At the same time, it must be done in the most cost-effective way. However, omnichannel has made predicting demand and satisfying customers more complicated than ever before. Traditional inventory management systems rely far too much on human input, and they cannot handle all the complexity. With Invent Analytics, retailers do not have to rely on guesswork. Our solutions position the right inventory in the right place at the right time, across a retailer’s entire network of stores and distribution centers, which ultimately generates profit.”
During the interview, podcast listeners will learn:
- How inventory imbalances impact omnichannel retailers
- How AI-powered tools make profit-optimized inventory decisions
- How Invent Analytics has driven growth for clients including a large shoe retailer and Academy Sports + Outdoors
- How Invent Analytics’ solutions deliver speed to value for immediate improvements
Gurhan founded Invent Analytics in 2013 to build advanced AI-powered solutions for the retail industry. Prior to Invent Analytics, Gurhan was a tenured faculty member at Duke University’s Fuqua School of Business for over a decade. He received his Ph.D. from The Wharton School, University of Pennsylvania in 2003. He is now also a professor at Koc University in Istanbul, Turkey.
To listen to the full podcast, click here.
About Invent Analytics
Invent Analytics is a global retail planning solutions provider that helps leading retailers accelerate their omni-aware demand forecasting, allocation, replenishment, and markdown capabilities using financial profit optimization model and AI-based advanced analytics.
Invent Analytics has been named as a representative vendor in Gartner 2022 Market Guides, including Retail Forecasting, Allocation and Replenishment Solutions and Retail Unified Price, Promotion and Markdown Optimization Applications – Short Life Cycle.
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