Five Below forecasting success
US value retailer Five Below has chosen a new partner for forecasting and replenishment
Five Below has selected invent.ai’s retail planning suite to optimise demand forecasting and replenishment through AI-driven technology.
By leveraging the platform, Five Below’s goal is to generate optimal inventory decisions at scale for millions of product-store combinations—resulting in improved inventory productivity.
“Invent.ai has been a game-changer for our operations, helping streamline replenishment processes across a wide range of product categories and a large store network,” said Graham Poliner, chief strategy and analytics officer at Five Below. “We expect invent.ai’s algorithms to continue to help us optimise inventory levels, reduce stockouts and overstocking while ensuring that each location has the right products at the right time. The invent.ai team has been an exceptional partner, working closely with Five Below to tailor the capabilities to our unique needs.”