Cin7the industry's leading inventory and order management software provider, announced the acquisition of Inventor, a leading provider of AI-powered sales forecasting and replenishment optimization solutions. The acquisition and integration of Inventoro's capabilities with Cin7's platform will expand product sellers' access to the latest AI technology, enabling customers to augment existing inventory and order management capabilities with intelligent prediction and optimization. will

It is estimated that overstocking and similar inefficiencies cause global product sellers to lose $163 billion annually. Coupled with the growing demand for AI-powered forecasting and insights, Inventoro's offering is a valuable addition to Cin7's feature set. The increased visibility into performance provided by actionable insights and joint capabilities helps customers improve performance across channels and reduce the impact of overstocking and stockouts.

“Invento's AI predictive and optimization capabilities are the perfect complement to Cin7's robust inventory management solutions,” said Ajoy Krishnamurthy, CEO of Cin7. “Together, we will provide customers with unparalleled inventory intelligence so they can maximize sales, minimize excess stock, and make informed decisions in their operations.”

“We bonded with Cin7 the day we first met, and this transaction is a natural progression of our proven collaboration. Together, the two products will help SMB product sellers and manufacturers. amplify our efforts, ultimately reducing waste by connecting them to a larger, more efficient supply network and supporting local economies along the way.” said Tomas Formanek, founder and CEO of Inventoro.

Inventoro's innovative AI-powered forecasting technology accurately predicts future product demand, providing daily updates on key performance optimizations and insights on which products drive profitability. With Cin7's end-to-end inventory management software, sellers will gain invaluable visibility into their product availability and inventory capital. This enables salespeople to make quick, effective decisions in a way that was not possible before, a significant advantage against competitors. By combining Cin7's inventory management platform and Inventoro's AI-powered forecasting power, the future of inventory intelligence is here.

The announcement comes at the start of a new era of development for Cin7, which has recently been marked. Appointment Ajoy Krishnamurthy as Chief Executive Officer and Nolan Smith as President and Chief Operating Officer.