Cin7 acquires Inventoro, adding AI to inventory management
Summary
The inventory and order management software vendor Cin7 on Thursday said it had acquired Inventoro, a provider of AI-driven sales forecasting and replenishment optimization solutions. According to Denver-based Cin7, integrating the two firms’ platforms will allow customers such as product sellers to enhance their existing inventory and order management capabilities with intelligent prediction and optimization. But Cin7 said the acquisition comes at a pivotal time, since the firm recently appointed Ajoy Krishnamoorthy as chief executive officer and Nolan Smith as president and chief operating officer. The company says that Inventoros AI-powered forecasting technology predicts future product demand, providing daily updates on key optimization performance and insights on which products drive profits. "Inventoros AI forecasting and optimization capabilities are a perfect complement to Cin7s robust inventory management solutions," Krishnamoorthy said in a release.
