Syrup Inventory Planning and Optimization Software to be featured at NRF Innovation Lab

New York, NY – December 14, 2022 – Syrup Tech, an AI-powered inventory planning and optimization software will be featured as part of the NRF Innovation Lab 2023.

NRF Innovation Lab showcases over 50 visionary technology startups that are transforming the retail industry. The immersive exhibit will showcase technology in areas including artificial intelligence, machine learning, augmented reality, virtual reality, blockchain and robotics that will help retailers meet the biggest challenges of today and tomorrow.

The three-day event will be held January 15-17 at the Javits Center in New York City. Syrup will be located on Level 4 (Innovation Lab) at Booth Number 8008.

“We are excited to be featured at Innovation Lab this year and showcase how Syrup can help retailers tackle their most expensive problem: accurately determining inventory needs for thousands of color-style-size combinations,” says co-founder and CEO James Theuerkauf. “Our goal is empower merchandising and planning teams to make smarter, faster decisions on allocation, ordering, and planning recommendations in order to avoid excess inventory or unnecessary stockouts and markdowns.”

Syrup Tech is an intelligent decision-support system that empowers merchandising teams to make informed, data-driven inventory decisions through predictive analytics. The company has helped many fast-growing brands:

• Improve in-stock rates by 10-20%, while reducing on-hand inventory levels by 20-30%
• Increase gross margins by 5% while doubling forecast accuracy
• Spend 50-90% less time on manual planning and allocation tasks

By leveraging powerful algorithms and real-time data, Syrup takes the guesswork out of planning and allocation decisions in order to sell more inventory at full price. Merchandising teams can forecast customer demand more effectively to reduce stockouts while avoiding unnecessary markdowns.

For more information about NRF and the Innovation Lab, visit: https://nrfbigshow.nrf.com/.