New Offering Utilizes Proprietary Data Models to Optimize Inventory Management

ATLANTA, February 15, 2024 – Stord, a leader in high-volume fulfillment services and supply chain technology for omnichannel mid-market and enterprise brands, announces its Inventory Planning capability for omnichannel businesses to optimize their inventory levels with unprecedented accuracy and intelligence.

Brands today need to continually ensure the right amount of product is in the right place at the right time. Inaccurate inventory planning leads to missed sales and consumer dissatisfaction from out-of-stock situations, or costly and inefficient resource allocation by overstocking inventory or not storing it strategically.

Stord's new Inventory Planning capability provides a per-SKU demand forecast based on a brand's historical sales, projected sales, and marketing inputs, along with rich inventory intelligence with actionable insights and recommendations.

Brands can now reduce the financial impact associated with excess inventory, reduce customer service issues caused by stockouts and product unavailability, and eliminate labor-intensive manual planning processes that bottleneck operational efficiency.

Stord's Inventory Planning differentiates itself by equipping brands with the ability to make informed decisions backed by a robust suite of capabilities, including:

• Precise demand forecasting for individual SKUs, based on brand-specific supply chain data and other data such as marketing events, growth rates, and seasonal changes
• Automated proactive restocking alerts and reorder point recommendations, including reorder date and quantities to maintain optimal stock levels at all times and avoid out-of-stock situations
• Intelligent recommendations for ideal inventory distribution within complex network structures
• Dashboard highlighting supply gaps, changes in demand, aging inventory, and inventory orders

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"The ability to predict and manage inventory with precision is not just a competitive advantage, it's a necessity in today's dynamic market," said Ryan Andrews, Group Product Manager, Stord. "We've seen too many brands either limited in their planning with inflexible and manual spreadsheets, or overwhelmed by complex tools that can't easily access a brand's supply chain order and inventory data. Stord’s Inventory Planning solution is purpose-built for growing DTC brands to turn complex data into straightforward, actionable insights, allowing our customers to cut costs, boost sales and customer satisfaction, and move faster by simplifying the planning process."

For more information about the new Inventory Planning solution, please visit www.stord.com/inventory-planning.