Company Overview

About Nextail

Nextail Details

Founded

2014

Revenue

$12M

Funding

$12M

Team Size

95

What SIA Thinks

Nextail is a smart software solution that helps retailers manage their inventory. It uses data and AI to predict which products will sell best and when, allowing for more accurate stock levels. This results in fuller shelves with the items customers want, and fewer markdowns on items that don't sell.

Retailers using Nextail often see an increase in profits because they're buying inventory based on real demand rather than guesswork. The software also helps reduce waste by making sure that too much of one product isn’t ordered. This can be especially important for items with short shelf lives like fashion trends or seasonal products.

Nextail works well across a variety of retail settings, from clothing stores to home goods shops. Store managers find it easy to implement, and it fits seamlessly into their existing processes. Employees can focus more on customer service rather than managing stock, since much of the inventory planning is automated.

One of the key features of Nextail is its ability to match inventory levels to customer needs quickly. This means stores can respond faster to changes in demand. For example, if a new trend starts, the software helps ensure popular items are always in stock. Conversely, it helps stores avoid overstocking items that are unlikely to sell.

In summary, Nextail helps retail businesses operate more efficiently and profitably by using advanced tools to better manage their inventory. It’s a straightforward solution that fits easily into how stores already work, making it easier for them to meet customer demand and reduce waste.

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