ToolsGroup, a leader in AI-powered supply chain planning solutions, alongside Scarpe&Scarpe, a renowned Italian retailer, will present their collaborative success story at the upcoming eP Summit 2024 in Florence, Italy. This partnership underscores the pivotal role of artificial intelligence in revolutionizing retail operations, particularly in merchandising and inventory management.
Marcello Pace, CEO of Scarpe&Scarpe, will detail the company's journey towards digital transformation, leveraging ToolsGroup's AI solutions to optimize margins and reduce overstock. Pace's prior success with ToolsGroup's technology at PittaRosso, where a 14.3% increase in sell-through rates and a €4.2 million margin boost were achieved, serves as a blueprint for Scarpe&Scarpe's current strategy. This case, now a Harvard Business School study, exemplifies the potential of AI in retail.
The urgency for a strategy that maximizes margin and sell-through rates led Scarpe&Scarpe to ToolsGroup's doorstep. 'Within just months, ToolsGroup's AI-powered solution provided tangible results, perfectly aligning with our inventory and growth objectives,' Pace remarked. This collaboration highlights the critical need for digital transformation in retail expansion and operational efficiency.
Inna Kuznetsova, CEO of ToolsGroup, praised the partnership, stating, 'Scarpe&Scarpe's success embodies today's AI-powered revolution in retail and supply chain planning technologies.' The immediate impact observed by Scarpe&Scarpe demonstrates how real-time decision-making can not only navigate but also capitalize on market unpredictability.
For those interested in exploring ToolsGroup's innovative retail planning solutions further, details are available at https://www.toolsgroup.com/events/. The eP Summit 2024 offers a unique opportunity to witness firsthand the future of AI in retail and supply chain management.
