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Description
The off-price retail sector is expanding at an unprecedented rate, but what exactly does it entail, and what contributes to its remarkable success? In this concise overview, we will explore the concept of off-price retail and uncover the factors that attract both brands and consumers. INTURN stands out as the sole enterprise inventory optimization platform that enables brands to effectively unload slow-moving and surplus stock to retailers, allowing them to recover cash more rapidly. Discover how our solution can enhance your off-price operations. Brands often grapple with surplus inventory that remains unsold at full price or even at reduced prices in retail environments, necessitating a strategy to monetize this excess stock for healthy cash flow and business viability. Consequently, they frequently turn to off-price retailers, who purchase these goods at substantial markdowns ranging from 40% to 60% off the wholesale price, accepting whatever terms are available for their surplus items. This dynamic not only benefits brands seeking to clear inventory but also empowers off-price retailers to offer attractive deals to budget-conscious consumers.
Description
Syrup provides AI-driven insights for planning and inventory allocation specifically tailored to the fashion and apparel industry. By adhering to the principle of minimizing waste, Syrup’s intelligent recommendation system enables brands to maximize their full-price sales while effectively reducing surplus stock. The impact of your historical sales data is significantly enhanced through the incorporation of real-time transactions and current events. Any relevant data source that contributes valuable insights can be seamlessly integrated into Syrup’s platform. Let the complexities of data analysis be handled by advanced algorithms, allowing our sophisticated machine learning models to predict seasonal trends with increasing accuracy. Just like a skilled tailor understands the uniqueness of each garment, Syrup’s algorithms are customized to meet the distinct requirements of each brand, offering flexibility to adapt as circumstances change. Speed up the decision-making process with Syrup’s instant recommendations for inventory allocation, replenishment, rebalancing, and reorder strategies. Additionally, Syrup can help recover lost revenue by enhancing the sell-through rate of full-priced items. Make informed and rapid inventory planning choices with the assistance of automated recommendations, ensuring your brand remains competitive and responsive in a fast-paced market. This innovative approach not only streamlines operations but also fosters sustainable practices within the fashion industry.
API Access
Has API
API Access
Has API
Integrations
Microsoft Dynamics 365
NetSuite
NewStore
SAP Cloud Platform
SAP Store
Salesforce
Shopify
Snowflake
Integrations
Microsoft Dynamics 365
NetSuite
NewStore
SAP Cloud Platform
SAP Store
Salesforce
Shopify
Snowflake
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
INTURN
Country
United States
Website
www.inturn.com/off-price/
Vendor Details
Company Name
Syrup
Website
syrup.tech/
Product Features
Retail Management
CRM
Commission Management
Email Marketing
Employee Management
Loyalty Program
Mail Order
Merchandise Management
Multi-Location
Order Management
Purchase Order Management
Reporting/Analytics
Returns Management
eCommerce
Product Features
Inventory Management
Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management