Impact Analytics, the AI-native planning, merchandising and inventory solutions provider, said Monday that it will integrate its SaaS solution, InventorySmart, into the course “Fashion Planning & Allocation” at the Fashion Institute of Technology.
The company said its technology “will provide students hands-on experience with cutting-edge tools used to optimize planning and inventory in the fashion industry.”
Impact Analytics said the deployment of the solution “represents a technology-led approach to education in fashion, equipping students with the practical skills and knowledge necessary to lead with data-driven decisions in retail and beyond.”
“Incorporating data-driven technology into our curriculum is essential for preparing our students to thrive in today’s fashion industry,” said Naomi Gross, professor of fashion business management at FIT. “With InventorySmart, our students can gain real-world experience with AI-native tools shaping the future of retail to give them a competitive edge and help them develop a strategy-based focus as they graduate into the workforce.”
It’s also good business.
Partnering with colleges and having students use various technologies not only prepares them for the workforce but also creates loyal users of those platforms as their careers develop. Companies such as Adobe, Apple and IBM have done the same, creating lifelong champions of their solutions.
Impact Analytics said that by utilizing InventorySmart, students at FIT can access advanced AI forecasting capabilities “that allow them to explore demand planning, optimize stock levels and understand the impact of over 200 variables on inventory management.” And through this exposure, the company said students will gain insights into how data-driven planning can help fashion businesses “balance supply with demand, minimize excess inventory and ultimately maximize profitability.”
“Empowering the next generation of fashion leaders with AI-native tools like InventorySmart is crucial to preparing them for success in an increasingly data-centric world,” said Prashant Agrawal, founder and chief executive officer of Impact Analytics. “FIT’s forward-thinking approach of incorporating AI into its curriculum underscores their commitment to staying at the forefront of retail and fashion innovation. We’re honored to support FIT’s mission and contribute to the educational growth of tomorrow’s retail experts.”
Impact Analytics said InventorySmart offers retailers and brands a robust AI-native platform for inventory forecasting and management, “helping businesses streamline assortments, minimize overstock and drive better decision-making. InventorySmart considers a multitude of demand factors, providing an integrated approach to managing product distribution and inventory allocation.”
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