Using generative AI to solve fashion’s inventory problems
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The benefits of AI are clearly of huge importance for fashion retailers looking to improve inventory management but its limitations cannot be ignored. Credit: Shutterstock.
Fashion retailers have long been facing challenges around inventory management. Customer behaviour can be unpredictable as it responds to vast numbers of variables, from economic confidence to design trends. Similarly, while the global retail market is on the rise, most businesses cannot afford to lose out financially due to inefficiencies in practices such as demand forecasting, real-time supply monitoring, and dynamic pricing.
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