Syrup provides AI-powered inventory management software that enhances decision-making for merchandising teams by delivering precise demand signals and optimization recommendations. This technology addresses the challenges of inventory allocation and purchasing, enabling retailers to improve margins and reduce excess stock.
Funding
$25.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Apparel and footwear brands face challenges in accurately predicting demand at the store level, leading to overstocking, markdowns, and lost revenue. Traditional inventory planning methods often rely on spreadsheets and manual processes, which are time-consuming and lack the precision needed to optimize inventory allocation across multiple channels. This results in missed sales opportunities and reduced profit margins.
Solution
Syrup provides an AI-powered decision support platform for merchandising teams, enabling them to plan, buy, and allocate inventory with greater accuracy and confidence. The platform uses granular demand signals and intelligent optimization recommendations to improve inventory precision and financial performance. By leveraging AI algorithms, Syrup helps retailers make strategic purchasing decisions, optimize inventory allocation across different locations, and minimize end-of-season inventory, ultimately increasing full-price sell-through and reducing waste.
Target Audience
Syrup targets apparel and footwear brands, as well as omnichannel retailers, seeking to improve inventory management, increase margins, and reduce excess stock through AI-powered decision-making.
Features
- AI-driven demand forecasting at the style, size, and location level
- Automated inventory allocation recommendations for omnichannel retail
- Buying and reordering module for optimizing inventory purchases
- Cloud-native architecture for rapid implementation and scalability
- Integration with existing ERP and POS systems
- Real-time visibility into inventory levels and sales performance
- Customizable dashboards and reporting for planners and allocators