• New forecasting engine, simulations and market data tools support lifecycle pricing, allocation and markdown planning. • Centric Software announced updates to Centric Pricing & Inventory, including an AI-based demand forecasting engine and additional AI functionality intended to support pricing decisions and inventory planning. • Centric Software provides integrated, AI-enabled enterprise solutions that support product development and commercialization. • Its platforms are used by companies in fashion, luxury, footwear, outdoor, home, food and beverage, cosmetics and personal care, consumer electronics, and multi-category retail to plan, design, develop, source, manage compliance, buy, make, price, allocate, assort, sell, and replenish products as part of their digital transformation efforts. • By combining AI-driven demand forecasting with lifecycle pricing, Centric Pricing & Inventory has helped select customers achieve revenue increases of up to 18%, based on internal analyses of specific implementations. • Results vary depending on customer context and usage.
Article Summaries:
- Centric Software has upgraded its Centric Pricing & Inventory platform with a suite of AI‑driven features aimed at improving demand forecasting, pricing, allocation and markdown planning. The new centralized forecasting engine delivers a single, lifecycle‑wide demand signal that feeds pricing, replenishment and allocation decisions. AI agents provide transparent price recommendations, explaining key drivers such as demand shifts and competitor pricing. Enhanced simulation tools let users test strategies before deployment, while live market intelligence feeds competitor pricing and product matching into daily workflows. Early implementations report revenue gains of up to 18%, though results vary by customer context. The modular platform targets fashion, luxury, footwear, consumer electronics and other retail sectors.
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