Inturn is teaming with SAP for the launch of its enterprise software solution that standardizes and optimizes inventory disposition for consumer brands.
The partnership is meant to provide both companies with the opportunity to support brands and retailers in conducting business remotely in their effort to optimize excess inventory levels, working capital and avoid waste.
Inturn powers some of SAP’s largest global enterprise customers in the fashion, apparel, footwear and consumer product categories. The platform, which is now available on the SAP App Center, functions as a centralized system of record that provides full visibility into the inventory disposition of all products. This unlocks real-time collaboration across various teams, departments and geographies.
Users can also strategically price curated assortments thanks to system’s product imagery.
“Slow-moving and excess inventory management continues to be a major challenge across all consumer verticals with widespread reports of increased inventory levels, unpredictable demand and unprecedented sales volatility,” said Ronen Lazar, Inturn CEO and co-founder. “Companies are actively looking to better align their supply chains with world markets, and these organizations will look to technology to better predict and manage their slow-moving and excess inventory to gain this alignment."
"By combining Inturn with SAP’s ERP solutions, organizations can take full control of the process, enabling company-wide visibility and recovering cash faster,” Lazar added.