Centric Software® has announced new AI-driven upgrades to its Centric Planning™ platform, designed to help global retailers improve demand forecasting, assortment intelligence, and integrations with Centric PLM™ and Centric Visual Boards™.
The enhanced platform aims to deliver actionable insights and advanced analytics across multiple sectors including fashion, luxury, footwear, outdoor, home, F&B, cosmetics, personal care, consumer electronics, and multi-category retail.
According to Centric, brands using its AI-powered planning solutions have reported up to 110% improvement in margins, doubled operating margins, reduced inventory by half, and cut planning cycle times by 75%.
Key upgrades include:
- AI-powered competitive benchmarking: Retailers can now access live market data to analyze competitor assortments, identify pricing gaps, and respond swiftly to market shifts.
- Strategic replenishment for China: A localized algorithm tailored to China’s fast production and logistics cycles enhances supply chain agility and store-level accuracy.
- Enhanced AI-based assortment quantification: Advanced forecasting provides precise buy-quantity recommendations during the pre-season phase, reducing waste, avoiding stock imbalances, and protecting margins.
Chris Groves, CEO of Centric Software, said, “The latest AI/ML innovations enable brands and retailers to visualize analytics more effectively for accurate forecasts throughout the product lifecycle. These reflect our commitment to delivering actionable AI in a connected ecosystem that drives smarter, faster decisions globally.”