Tailored Brands deploys AI tech to enhance demand forecasting and inventory management processes.
Tailored Brands, a menswear retailer with brands like Men’s Wearhouse, Jos. A. Bank, and Moores, has implemented invent.ai’s AI driven inventory optimisation platform across its tuxedo rental business.
With over 1,000 stores, Tailored Brands needed a solution to streamline the complexity of managing inventory across its rental supply chain. It says that it transformed its demand forecasting and inventory planning capabilities with invent.ai in just 90 days, resulting in improved on-shelf availability, reduced substitutions and enhanced customer satisfaction.
“Inventory optimisation means growing your sales and customer service while lowering inventory investment,” said Scott Vifquain, Chief Technology Officer at Tailored Brands. “It’s doing more with less. Invent.ai’s solution not only helped us grow customer satisfaction and service on a lower inventory base, but also avoided disappointing the customer with substitutions. We saw great results very quickly.”
“The team at Tailored Brands consistently seeks innovative ways to harness AI to unlock greater value through our platform,” said Gurhan Kok, Founder and CEO at invent.ai. “Our partnership is not only strategic but also deeply collaborative. We’re excited to continue growing together and driving success.”
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