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Description
The off-price retail sector is expanding at an unprecedented rate, but what exactly does it entail, and what contributes to its remarkable success? In this concise overview, we will explore the concept of off-price retail and uncover the factors that attract both brands and consumers. INTURN stands out as the sole enterprise inventory optimization platform that enables brands to effectively unload slow-moving and surplus stock to retailers, allowing them to recover cash more rapidly. Discover how our solution can enhance your off-price operations. Brands often grapple with surplus inventory that remains unsold at full price or even at reduced prices in retail environments, necessitating a strategy to monetize this excess stock for healthy cash flow and business viability. Consequently, they frequently turn to off-price retailers, who purchase these goods at substantial markdowns ranging from 40% to 60% off the wholesale price, accepting whatever terms are available for their surplus items. This dynamic not only benefits brands seeking to clear inventory but also empowers off-price retailers to offer attractive deals to budget-conscious consumers.
Description
Verusen's cloud platform, enhanced by AI, integrates seamlessly with various data sources to automatically identify and classify duplicate parts data. This system effectively prevents unnecessary inventory purchases by recognizing existing quantities on hand, while also addressing the issues of obsolete, slow-moving, and excess inventory. Users gain precise visibility into their on-hand materials and can make informed decisions on optimal deployment. Additionally, the AI continually evolves by learning from actual usage, allowing for quicker and more reliable inventory insights on a larger scale. This is the transformative impact of Verusen. As a company specializing in Supply Chain Intelligence, Verusen utilizes artificial intelligence to deliver accurate material information for managing complex global supply chains, focusing on data integrity, inventory optimization, and procurement intelligence. Their platform unifies fragmented material data from various ERP systems, ensuring reliable information throughout the organization, which helps reduce inventory expenses and fosters confidence in production reliability. Ultimately, Verusen empowers businesses to make smarter, data-driven decisions in their supply chain operations.
API Access
Has API
API Access
Has API
Integrations
SAP Store
Epicor Kinetic
Infor CRM
JD Edwards EnterpriseOne
Microsoft Dynamics 365
Microsoft Excel
NetSuite
Oracle Fusion Cloud ERP
SAP ERP
Salesforce
Integrations
SAP Store
Epicor Kinetic
Infor CRM
JD Edwards EnterpriseOne
Microsoft Dynamics 365
Microsoft Excel
NetSuite
Oracle Fusion Cloud ERP
SAP ERP
Salesforce
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
INTURN
Country
United States
Website
www.inturn.com/off-price/
Vendor Details
Company Name
Verusen
Founded
2015
Country
United States
Website
verusen.com/the-solution/
Product Features
Retail Management
CRM
Commission Management
Email Marketing
Employee Management
Loyalty Program
Mail Order
Merchandise Management
Multi-Location
Order Management
Purchase Order Management
Reporting/Analytics
Returns Management
eCommerce
Product Features
Inventory Management
Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management