Cin7, a Denver-based company offering inventory and order management software, has announced its acquisition of Inventoro, a company specializing in AI-driven sales forecasting and replenishment optimization. The partnership aims to address inefficiencies like overstocking that can result in significant losses for product sellers.
Cin7’s cloud-based solution gives product businesses automated and real-time visibility into the entire inventory lifecycle. Its products, Core and Omni, integrate with over 700 applications to help owners consolidate, streamline, automate and scale their inventory operations.
Inventoro’s solutions enable sellers to predict future product demand. Its platform provides daily updates on optimization performance and insights on which products drive the most profit. By combining this technology with Cin7’s inventory management software, the companies want to help sellers maintain optimal stock levels and eliminate overages.
