Centric Software Expands AI-Driven Retail Planning
Centric Software® has announced a series of AI-driven innovations to Centric Planning™, strengthening its retail solutions with advanced demand forecasting, smarter assortment intelligence, and deeper integrations with Centric PLM™ and Centric Visual Boards™.
Centric Planning now leverages AI-based forecasting linked to real-time assortment and go-to-market workflows. By combining demand insights with intelligent inventory planning, brands and retailers can achieve up to 110% margin improvement. Proven results include doubling operating margins, cutting planning cycles by 75%, reducing inventory by 50%, and halving budget preparation time, leading to faster, data-backed decisions.
Key upgrades include:
- AI-powered competitive benchmarking: Embedded market intelligence helps identify assortment gaps and pricing opportunities, ensuring relevant assortments and faster responses to shifts.
- China-specific replenishment algorithm: Tailored to China’s rapid production cycles and logistics, the feature strengthens supply chain accuracy and agility for global retailers expanding into the region.
- Enhanced AI-based assortment quantification: Advanced pre-season forecasting delivers precise, attribute-enriched buy-quantity recommendations, reducing markdowns, waste, and stock imbalances.
Chris Groves, CEO of Centric Software, said: “The latest AI/ML innovations in Centric Planning enable brands and retailers to visualize analytics more effectively, resulting in more accurate forecasts throughout the product cycle. These reflect Centric’s strength in actionable AI and a connected ecosystem that drives smarter, faster decisions globally.”
From fashion and luxury to electronics and FMCG, Centric Software continues to provide enterprise-grade digital transformation solutions, helping brands improve competitiveness, optimize assortments, and boost revenues through AI-enabled planning and execution.