Our COO Stuart Ford attended Rarely Heard Voices, London 2024 and the Gen Z Retailers Summit in London a couple of weeks ago. "Such a great event. To get a chance to moderate a discussion on AI and the real life applications (and limitations) in a retail environment. Insightful thoughts and discussion with such a distinguished panel," said Stuart. "Thanks to Brendan Dorrian and RHV for bringing such an illustrious group of leading international retail players in to an event where sharing and discussing were the foundation stones." Thanks Uri Reiss, Philippa Dempster, and Mo B. for an insightful panel discussion! Rarely Heard Voices Rarely Heard Women Gen Z Retailers #dropit #retailindustry #retailinnovation
About us
Dropit revolutionizes operations by seamlessly integrating historical and real-time data from existing technology stacks, including ERP, OMS, POS, and CRM systems. Our innovative technology empowers retailers to streamline operations and optimize inventory management without disrupting current setups. Leveraging machine learning models and simulations, Dropit automates decisions and integrates corrective actions into retailers' systems, improving operational efficiency. Our solutions offer fulfillment capabilities and AI analytics, driving improved inventory turns and cost reductions. Committed to delivering operational excellence, Dropit unlocks growth opportunities for retailers in today's complex retail landscape. OUR STORY We got our start on the London High Street, enhancing top brands’ omnichannel capabilities. As we expanded, we learned brands were investing in inventory and fulfillment technologies that could only deliver the full benefits of omnichannel with the help of additional data aggregation and processing power. That’s why we developed a retail technology platform that adapts to any retail tech stack to help it work smarter - not harder - so retailers can finally achieve a level of performance, operational efficiency, and service that’s as great as their products. OUR VALUES Retail has been a force for expression, exchange, and opportunity for centuries, and we’d like to keep it that way. That’s why we keep our company values at the center of everything we do. People We’re committed to developing technologies that benefit all stakeholders in the retail ecosystem. Innovation We’re committed to developing technologies that enhance retailers’ efficiency & service without disrupting operational infrastructure. Sustainability We’re committed to developing technologies that safeguard retail’s future by promoting sustainable practices.
- Website
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https://www.dropit.shop/
External link for Dropit
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- United Kingdom
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Fulfillment Optimization, Omnichannel Retail, Automation, Retail AI, Data Aggregation, Store fulfillment, Omnichannel Fulfillment, Returns Management, Retail Operations, Inventory, Supply Chain, Rule Engine Customization, Sustainability, Inventory Visibility, Inventory Management, Retail Innovation, Omnichannel Efficiency, and Advanced Analytics
Locations
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Primary
Regent Street
United Kingdom , GB
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Tel Aviv , 6801294 , IL
Employees at Dropit
Updates
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Department stores continue to face challenges, including: - Changing consumer preferences - Stronger e-commerce competition - Inventory challenges - Rising costs But there is a way they can ensure they’re making the best inventory decisions for their customers and for improving their profitability—Dropit. With machine models guiding allocation, restocking, and returns decisions, we help retailers achieve inventory optimization for whatever challenges they’re facing. Learn more at https://www.dropit.shop/ #dropit #departmentstores #retailindustry
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Each season brings new trends for retailers to respond to. As we move from summer to fall and fall to winter, the goal should be to respond to demand while minimizing waste. With machine learning plus historical and live data across their entire tech stack, retailers can respond more accurately than ever to optimize every inventory decision. Learn more at: https://www.dropit.shop/ #retailindustry #retailstrategy #retailbrands #dropit #apparel
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E-commerce, in-store, wholesale—when you have multiple channels, making decisions for your inventory gets messy without the right tools. Across your entire tech stack—ERP, OMS, POS, CRM, etc.—you need your data to be speaking the same language. With synchronization, structuring, and standardization of data with Dropit, you can generate actionable insights for your inventory. No more data silos, and no more guesswork for allocation, restocking, and returns decisions. Learn more about this concept we call inventory optimization: https://www.dropit.shop/ #retailbrands #inventoryoptimization #retailindustry #dropit
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U.S. online retail sales this holiday season are expected to increase 8.4% compared to last year, according to Adobe Analytics. “Consumers are adjusting to inflation and other economic concerns by shopping earlier and mining for discounts, per Adobe.” https://lnkd.in/g7n-VDU4 How are you preparing for the upcoming holiday season that is likely to bring earlier and increased demand on your online channels? No other solution can help you prepare and drive micro-decisions for inventory optimization like Dropit. Learn more at https://www.dropit.shop/ #blackfriday2024 #retailers #retailbrands #retailindustry
Online holiday sales in the US to hit record $240.8B: Adobe Analytics
retaildive.com
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There are many facets to inventory velocity, and these 3 trends can impact companies’ ability to get to an acceptable turn rate. Read our blog >>> https://lnkd.in/gfiTH3x6 to learn more on: - The increased volatility in consumer preferences and spending habits. - How using technology is optimizing inventory prioritization and SKU proliferation. - How true visibility is table stakes for driving dynamic inventory decisions. #retail #omnichannel
How These 3 Market Trends Are Impacting Retail Inventory Velocity
dropit.shop
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“In the third quarter [of 2024], more consumers across income and age groups indicate an intent to splurge compared with the previous quarter (42 versus 38 percent).” As consumer behavior fluctuates, how can retail brands be confident they have the optimal approach to every micro decision surrounding allocation, restocking, and returns? They need a machine learning engine finding the optimal decisions for them. > > > Learn more at: https://www.dropit.shop/ https://lnkd.in/gU8yAKTw #retailindustry #retailbrands #dropit
An update on US consumer sentiment: Consumer optimism rebounds—but for how long?
mckinsey.com
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Black Friday can show you just what machine learning can do for your inventory management. To prepare for the biggest shopping day of the year, retailers need to have all their data working for them. With machine learning insights from Dropit, retailers can make smarter, data-driven decisions for their inventory allocation to make the most of every opportunity to ensure customers leave happy. Learn more at https://www.dropit.shop/ #BlackFriday2024 #machinelearninginretail
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We're thrilled to announce that our very own Stuart Ford, COO of Dropit, will be leading the RETa.iL Panel Discussion at the exclusive Rarely Heard Voices event in London this Tuesday, September 24th. Joining Stuart Ford are industry visionaries: • Uri Reiss, CEO of 911 Fashion • Mo B. President & CFO of Janie and Jack • Philippa Dempster, Senior Partner and Managing Partner of Freeths They'll dive into a forward-looking discussion on the future of AI and its transformative applications in retail. 🛍️🤖While the event is by invitation only, we'll be sharing key insights and highlights afterward. Stay tuned! hashtag #AIinRetail hashtag #Innovation hashtag #Dropit
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Poor inventory turn ties up capital, increases storage and maintenance costs, and leads to obsolescence. Cash flow is reduced, and profitability is lowered, making it difficult to respond quickly to market changes. Learn more about how out-of-synch #inventory velocity comes at a high price in our latest blog >>> https://lnkd.in/gMfQye2S #retail #omnichannel
How to Optimize Inventory Velocity Via Data Sync
dropit.shop