Nextail helps commerce to better align supply and demand through a cloud-based platform that automates and enhances decision making, thus helping consumers find and buy products. By combining the power of prescriptive analytics and Artificial Intelligence, Nextail supports omnichannel retailers in inventory optimisation and allocation, improving retail operations. The algorithms, developed in-house using fast-fashion paradigms, enable organisations to move away from static processes to dynamic processes based on quick, automated decision-making.
Retailers using the platform typically see the impact being delivered after a few weeks, specifically with stock outs reduced by more than 60% and stock coverage reduced by up to 40%. Nextail’s clients are leading fashion and cosmetics retailers including Kiko Milano, Twinset, Stefanel and Melon Fashion Group.