INTURN Announces Strategic Partnership With SAP to Extend Inventory Lifecycle Solutions for Slow Moving and Excess Inventory Beyond Existing ERP Capabilities

▤ Summary

The partnership marks a unique opportunity for both companies, especially given current events, to support the need for brands and retailers to effectively conduct business remotely in their effort to optimize excess inventory levels, working capital and avoid waste. By combining INTURN with SAP’s ERP solutions, organizations can take full control of the process, enabling company-wide visibility and recovering cash faster.” Identifying and selling excess inventory is highly outdated, manual and error prone. The platform functions as a centralized system of record that gives full visibility into the inventory disposition of all products, enabling real-time collaboration across various teams, departments and geographies. The content-rich system, which includes product imagery, enables users to strategically price curated assortments to achieve optimal results with buyer partners. “While some manufacturers are currently unable to keep up with the demand for their core product lines, others are facing wary consumers who have decreased discretionary spend which will ultimately result in record amounts of slow-moving and excess inventory build-up.

▦ Linked Companies

SAP

$1B+