S5 Stratos (S5), has announced that apparel retailer, Express, has implemented S5 Assortment, a retail assortment planning application that uses AI and machine learning to track changing consumer demand and predict selling patterns at a hyper-localised level. S5 is a cloud-based artificial intelligence products company, focused on retail and CPG industries.
S5’s AI-driven platform powers a suite of business planning applications that embed advanced data science into user-friendly workflows, empowering everyday users with easy access to deep insights and recommended actions.S5 Stratos (S5), has announced that apparel retailer, Express, has implemented S5 Assortment, a retail assortment planning application that uses AI and machine learning to track changing consumer demand and predict selling patterns at a hyper-localised level. S5 is a cloud-based artificial intelligence products company, focused on retail and CPG industries.#
By coupling a powerhouse AI-driven platform with intuitive planning workflows, the S5 assortment planning application elevates the assortment planning process by helping retailers determine what products to carry, how much to buy by size, and when and where products should be offered. By providing visibility into customer trends and shifting market dynamics, S5 Assortment enables retailers to make smarter decisions related to the development of future product strategies and personalisation of each offer. With extensive coverage for omni-channel pre-season and in-season planning across both fashion and basic product types, S5 Assortment provides a holistic solution that eliminates spreadsheet-based tools, streamlines processes, improves decision quality and increases organisational agility, according to a press release by S5.
“To support our new go-to-market approach, we identified an opportunity to modernise our order management and assortment planning systems with next-generation technology that will improve data integrity and reduce manual work. S5 has been a great partner on the development and implementation of this new AI-powered solution, which seamlessly integrates with our existing technology platforms, allowing us to make faster, better decisions,” Matt Moellering, president and chief operating officer at Express said.
“A large part of effectively servicing today’s consumer lies in understanding data. As retailers face unprecedented challenges in gaining and holding market share, they need solutions that can quickly read and interpret data, and present relevant insights and recommended actions. S5’s solutions effectively put the power of advanced data science directly into the hands of the end-user, empowering better decisions and greater adaptability, which ultimately forges more agile organisations. By using S5’s AI-driven platform, Express is blazing the trail for modern retail and pioneering a new era of consumer-centric strategies in retail,” Chetan Anand Gabri, CEO and co-founder at S5 said.
https://www.businesswire.com/news/home/20200812005185/en/Express-Partners-S5-Stratos-Innovative-Assortment-Planning
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