We welcome INTURN, the Inventory Management Market Leader, to the MSD family!
Energy and excitement run high at Mad Street Den HQ today as we officially announce our acquisition of INTURN , an enterprise software solution for managing excess inventory and helping retailers grow margins.?
MSD x INTURN?
For the last decade, Mad Street Den ’s retail vertical Vue.ai has created AI-based solutions that help retailers grow their business by reducing operational costs through automation and increasing revenue with personalized customer experiences.
Combining INTURN's inventory workflow tools and margin optimization capabilities with Vue.ai’s retail AI suite, customers now get the power to effectively use AI to optimise the? supply chain and weave it into customer experiences to create efficiencies across the entire retail value chain.
A note from our founders?
"If you're tracking the market today, inventory management is everything for businesses globally right now. Tier 1 retailers and brands are struggling to manage excess, unsold inventory. INTURN fit our roadmap like a glove.
We've been product tagging, providing insights and powering demand and inventory analysis with Vue.ai for years now and the INTURN promise fits the continuum of that workflow by allowing buyers and sellers to connect, sell faster and maximize recovery.
The product is top notch and the customers who used them have been thrilled with the company. It was a no-brainer for us"
Retail’s need of the hour:?
领英推荐
Ronen Lazar flaunts over a decade of expertise in helping retailers sell slow moving inventory and effective waste management solutions. He illustrates the importance of inventory management in this fabulous piece in conversation with WWD.?
With the #HolidaySeason upon us, he cracks down on the most effective way to use customer x inventory data that can lead to bottom-line-altering results. Read it here.?
"Adding Mad Street Den’s AI capabilities to drive further automation and predictability will enable our customers to further optimize for both cost savings and margin improvement," he adds.?
This strategic move comes as a natural extension of Vue.ai’s vision to provide customers with intelligent solutions to not only manage but also more effectively optimize supply chain processes and planning.
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Here’s what the press had to say about this.
"AI firm Mad Street Den acquires New York-based Inturn"
“Every year around $150-$180 billion is lost due to excess inventory across the globe, across several verticals. Many companies don’t know what to do with excess inventory. INTURN is one company that really played a big role in addressing this issue,” said Ashwini Asokan, co-founder of Mad Street Den in interaction with Moneycontrol.
"How this retail AI company helps deal with excess inventory"
"While Vue.ai helps its customers gain detailed insights into inventory, buying, merchandising, pricing and more, and predict and plan ahead against the buildup of excess inventory, INTURN will help them start on their off-price journey"