Apparel & Fashion - Detroit, Michigan, United States
The fashion industry has an overproduction problem. It has led to constant discounting, offloading unsold clothes to lower-income countries, and sometimes stock destruction. This problem costs US fashion retailers $5 billion dollars a year, and the challenge for fashion brands is how to respond to shifting trends and demands effectively, and to do so in a sustainable way.Unbuyist is committed to making an impact on the fashion industry's supply chain footprint by solving the problem of overproduction. The platform provides demand forecasting and assortment optimization using AI and Big Data technology. The software predicts demand for each SKU and optimizes for quantity, size, and color by effectively analyzing omnichannel data, including product attributes, website traffic, historical sales, and social media trends. The results of our pilot program have shown significant time reduction in assortment planning, cost reduction in inventory, and accuracy improvement on demand prediction.We'd love to start initial discovery conversations with your brand to discuss how the technology we've built can help your organization in the fashion buying and planning process!
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