Five Below, Inc. has partnered with Invent.ai, a global retail planning solutions provider, to implement an AI-driven platform for inventory optimization. The collaboration aims to enhance demand forecasting and replenishment processes across its extensive network of over 1,800 U.S. stores.
The new technology is designed to generate optimal inventory decisions at scale for millions of product-store combinations, thereby driving improved inventory productivity. This initiative seeks to reduce stockouts and overstocking, ensuring that each location has the right products at the right time.
Five Below successfully completed a pilot program in three months across several product categories and has since expanded the solution to all categories of its business. This strategic investment in advanced technology is expected to streamline operations and contribute to profitable growth.
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