The Coresight Matrix helps answer questions around the latest cutting-edge retail-technology and who the leading players in the market are.
Coresight Research — August 1, 2019 — Celect, a market leader in predictive analytics and inventory optimization for retailers, was named a Disruptor in the latest Coresight Matrix for Inventory Optimization Software. The report, conducted by Coresight Research, was designed to help clients better understand the key players in the retail-technology industry, as their team of analysts researches and follows the increasing digitalization of the retail world to help companies achieve digitalization and innovation strategies.
The report specifically focuses on new developments in inventory optimization software, and uses the Coresight Matrix to rate leaders and emerging players by innovation effort and market power. The fact of the matter is, retailers remain under ever-increasing pressure to manage their inventories better to position the assortment at the right place, in the right amounts, at the right time, to prevent excessive discounting and stock-outs. Additionally, optimizing inventory has significant financial implications for the cash flow and profitability of a retailer, since inventory requires working capital, discounting hurts margins, and stock-outs hurt sales. Continuing advances in computing power and software engineering enable ever more-powerful tools for analyzing inventory, which is enhanced by predicting demand. Other key points highlighted in the report include:
- Machine learning (ML) and other artificial-intelligence (AI) tools can help predict demand, and companies using AI and predictive analytics to forecast demand can use these tools to predict and move towards optimal future inventory configurations.
- Inventory-optimization software spans several multibillion-dollar markets, including supply chain management, warehouse management and analytics, and the software links to order-management and fulfillment systems.
- Players in the segment include ERP-software giants such as IBM, Oracle and SAP, in addition to several emerging innovators, including Celect, Nextail, Optoro, Relex, and companies in between.
According to the report:
"Celect offers an AI/ML-based inventory-optimization platform with specific solutions to optimize allocation, fulfillment and plan and buy, which offers insights into future demand. Celect is a disruptor through its use of AI/ML to optimize fulfillment, allocation, plan and buy functions."
The Coresight Matrix helps to answer questions around the latest cutting-edge retail-technology and who the leading players in the market are, which firms are driving improvements in these technologies, which startups might be the next rising stars, and which startups big companies should be looking to work with....read more...