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Ratings and Reviews 0 Ratings
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What is Syrup?
Syrup delivers AI-powered insights for planning and inventory distribution, specifically designed for the fashion and apparel sector. By focusing on the goal of reducing waste, Syrup’s smart recommendation system empowers brands to optimize their full-price sales while efficiently cutting down on excess inventory. The influence of your past sales data is greatly improved by integrating real-time transactions and contemporary events. Any pertinent data source that offers useful insights can be easily incorporated into Syrup’s platform. Complex data analysis is managed by sophisticated algorithms, enabling our advanced machine learning models to forecast seasonal trends with greater precision. Just as a master tailor appreciates the uniqueness of every piece, Syrup’s algorithms are tailored to address the specific needs of each brand, providing the adaptability to respond to changing conditions. Accelerate your decision-making with Syrup’s immediate recommendations regarding inventory allocation, replenishment, rebalancing, and reorder strategies. Furthermore, Syrup assists in recovering missed revenue opportunities by boosting the sell-through rate of full-priced products. Make swift and informed inventory planning decisions with the help of automated suggestions, ensuring your brand stays competitive and agile in a rapidly evolving market. This cutting-edge methodology not only enhances operational efficiency but also promotes sustainable practices within the fashion industry, paving the way for a greener future. As a result, brands can not only thrive but also contribute positively to the environment while meeting consumer demands.
What is Pricing Lifecycle?
An advanced solution has emerged for the efficient application of strategies concerning Pricing, Promotions, and Markdown optimization. Emphasizing a strategic mindset over mere parameter fixation is crucial. This innovative Stock Optimization method transforms the processes of replenishment and allocation by combining regular forecasting with promotional forecasting. Many retailers often adhere to basic pricing strategies that rely heavily on fixed gross margins. However, the effectiveness of initial pricing can only be judged once actual trading begins and sales data is collected. The Pricing Lifecycle framework plays a pivotal role in protecting brand integrity and margin while ensuring that price perceptions remain favorable. By incorporating data analysis, pricing strategies, and optimization tactics, businesses can identify the best price across all channels on a daily basis. Additionally, this methodology allows for simulations that evaluate the potential effects on sales, margins, and price perception of various choices prior to their execution. This groundbreaking approach has the potential to boost revenue and gross margins by 2% to 6%, establishing a new benchmark in the retail sector. Furthermore, this holistic solution grants retailers the flexibility to respond more effectively to market fluctuations, thereby ensuring their sustained competitiveness in a rapidly changing environment. This adaptability not only enhances operational efficiency but also fosters customer loyalty in an increasingly discerning market.
Integrations Supported
Microsoft Dynamics 365
NetSuite
NewStore
SAP Cloud Platform
Salesforce
Shopify
Snowflake
Integrations Supported
Microsoft Dynamics 365
NetSuite
NewStore
SAP Cloud Platform
Salesforce
Shopify
Snowflake
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Syrup
Company Website
syrup.tech/
Company Facts
Organization Name
Profimetrics
Date Founded
2006
Company Location
Portugal
Company Website
www.profimetrics.com
Categories and Features
Inventory Management
Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management
Categories and Features
Pricing Optimization
Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning