Syrup Inventory Planning and Optimization Software to be featured at Shoptalk

New York, NY – February 23, 2022 – Syrup Tech, an AI-powered inventory planning and optimization software will be featured at Shoptalk.

Shoptalk is where thousands of retail changemakers come together every year to create the future of retail. It covers the latest technologies and trends, as well as the rapid transformation of what consumers discover, shop for, and buy.

The four-day event will be held March 26-29 at the Mandalay Bay in Las Vegas. Syrup Tech will be at Booth Number SC-10 (Startup City).

In addition to exhibiting, Syrup’s CEO and co-founder James Theuerkauf will showcase Syrup’s technology as part of Shoptalk’s “Shark Reef” Startup Pitch on March 26 at 2PM PT.

Shoptalk’s “Shark Reef” Startup Pitch features the best and most innovative early-stage retail technology companies in a series of fast-paced three-minute presentations.

“I’m thrilled to present Syrup to Shoptalk’s audience and share how we help retailers tackle their most expensive problem: accurately determining inventory needs for thousands of color-style-size combinations,” says James. “Our goal is to 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 5-10% while doubling forecast accuracy
• Spend 60-90% less time on manual planning and allocation tasks

By leveraging powerful algorithms and real-time data, Syrup Tech 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 Shoptalk, visit: https://shoptalk.com.