The good point for inventory management is to spend the minimum amount to have enough stock for customer orders. There is no shortage of software to help with this. But there is also a lot of innovation in inventory management, to meet the realities of sophisticated analytics, multiple sales channels, unsold, shipping and logistics.
In this post, I will address nine startups that disrupt the inventory management space.
9 startups for inventory management
Blubirch . Blubirch focuses on reverse logistics. It deals with products returned by customers and offers a solution to resell these products. The company is based in India. It was launched in 2014 and received $ 2 million in funding.
Celect. Celect focuses on inventory optimization. It uses predictive analytics and artificial intelligence to optimize inventory in a physical store or warehouse. The company is based in Boston and, since its launch in 2013, has received $ 15.2 million in funding. Its goal is to create the first data-driven and cloud-based "customer choice modeling suite" that helps merchandisers, retail planners and inventory analysts better determine what to place ".
Inturn Inturn was launched in 2013 in New York. It focuses on buying and selling surplus stocks. Its platform allows brands and retailers to use automated workflow tools, a price optimization engine and a business intelligence. The service also allows you to negotiate an inventory and pricing agreement between buyers and sellers. The company has raised more than $ 36 million in funding.
Nextail. Nextail focuses on optimizing the inventory of clothing and fashion through sophisticated analysis and algorithms. Its solution helps retailers maintain the full price of their products by optimizing inventory allocation, replenishment and store transfers. Nextail manages more than 100,000 SKUs in 2,500 stores. The company is based in Spain. It has raised $ 2 million since its launch in 2014.
Pointed. Pointy is helping brick and mortar retailers put their products online, generate revenue online and drive more traffic to stores. To do this, Pointy sells a device that connects barcode scanners and cash registers. Once the products are scanned, the device publishes these products on the Pointy website, which has been optimized for Google. When consumers search for products, these products appear in Google's natural search results, which drives traffic to the retailer's physical stores. The company has raised $ 7.2 million in funding since its launch in 2014.
ShoppinPal. ShoppinPal offers inventory management solutions that streamline inventory replenishment, cataloging, and integrations with suppliers. The company is based in India and has raised more than $ 1.5 million since its launch in 2012.
Article Store. Shopventory is based in California. It focuses on real-time inventory and catalog management. Retailers can export their sales transactions into Shopventory to create a list of products, which can then be used to add photos, create product sets and manage inventory. Shopventory integrates with Square, Shopify and PayPal. The company has raised more than $ 2 million in funding since its launch in 2013.
Skupos. Skupos was launched in 2016. It focuses on real-time inventory management for merchants and distributors. Retailers can build orders from their distributors in minutes, using live inventory and sales data. Distributors get a real-time overview of store inventory levels, in-process orders and product speed to understand the needs of consumers before they occur. Skupos has raised approximately $ 4.5 million in funding.
Unleashed. Unleashed was founded in 2009. It focuses on real-time inventory management. It integrates with other platforms, such as Magento, Shopify and Salesforce. The company is based in New Zealand and has customers in several sectors, including coffee roasting, brewing, food manufacturing and retail. He raised more than $ 20 million in funding.