BOSTON, May 24, 2017 /PRNewswire/ -- Celect, a market leader in predictive analytics and inventory optimization for retailers, announced its inclusion in the May 2017 "Cool Vendors in Retail Merchandising and Marketing" report by Gartner, Inc.
"It's an honor to be part of the Cool Vendors report by Gartner," said John Andrews, CEO of Celect. "We are excited to be recognized as a vendor that is reconfiguring merchandising processes with AI."
"In today's retail environment, inventory optimization is more important than ever, but continues to be an incredibly challenging effort for retailers," he said. "With Celect's advancements in machine learning and high-scale optimization, retailers are now able to optimize their plans, product buys, allocations, and fulfillment strategies using the data they already have. Our customers are seeing higher margins and sell-through rates, which is a result of embracing analytics as part of their overall decision making throughout the merchandise planning process."
For more information and to request a demo, contact Celect.
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Celect is a cloud-based, predictive analytics SaaS platform that helps retailers optimize their overall inventory portfolios in stores and across the supply chain, resulting in double-digit percentage revenue increases through optimized assortments and fulfillment. This groundbreaking advance in machine learning and optimization allows retailers to understand how an individual customer shopping in store or online chooses from an assortment of products, revealing true demand. The technology builds on a fundamental advance in customer choice modeling called by MIT's Computer Science and Artificial Intelligence Laboratory one of the 50 greatest innovations it has ever produced.
To learn more visit http://www.celect.com/.
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