Centric Pricing & Inventory is an AI-powered solution designed to maximize profitability by optimizing pricing and aligning customer demand with accurate supply. It helps brands and retailers in the fashion, apparel, and home industries to sell more with less inventory and reduce discounting. The platform facilitates in-season decision-making, enabling adjustments to plans based on market reactions, competitors' strategies, and external factors. It improves sell-through and increases sales by optimizing pricing across various stages of the retail lifecycle and fulfilling demand with powerful allocation and replenishment tools. Furthermore, it drives sustainability with effective inventory management by predicting future demand and replenishment needs, reducing overstock to align with sustainability goals. By focusing on automation, Centric Pricing & Inventory enables AI to predict future demand for any product in any location and automate the work of pricing and replenishing every single product, multiplying human effort by combining both artificial and human intelligence. The solution offers transparency, predictability, automation, and adaptability, allowing users to see the impact of every pricing or inventory decision, use company data to predict future demand, automate suggested pricing and inventory changes, and adapt to changing market conditions and customer preferences.

Features:

• Price Optimization: Develop the optimal price for seasonal products from launch, all the way through to markdowns.

• Inventory Optimization: Move away from product shortages and surpluses to balanced inventory levels, higher sell-through and increased margin.

• Lifecycle Pricing: Develop the optimal price for seasonal products from launch, all the way through to markdowns.

• Dynamic Pricing: Quickly adjust e-commerce pricing for infinite stock items based on market reactions.

• Competitive Pricing: Compare pricing against competitors for key items and automate price changes in response to competitor strategies.

• **Transparency **See the impact that every pricing or inventory decision has on overall company goals and gain trust with decisions and suggestions that are comprehensible. 

• **Predictability **Use your own company data to predict future demand per article, location and sales channel taking into account a business’ specific strategies and constraints. 

• **Automation **Human-led automation gives the power to the user to choose when to accept or override the system’s suggested pricing and inventory changes.

• **Adaptability **AI systems learn and adapt over time as they compile information to make decisions. Enable teams to keep up with changing market conditions and customer preferences.