Centric Software Adds AI to Pricing and Inventory Tools
Centric Software has announced new AI-powered capabilities for its Centric Pricing & Inventory platform. The enhancements are designed to help retailers and brands maximize margins and reduce excess stock through improved demand forecasting and real-time market insights.
- The new AI-powered demand forecasting engine is centralized to serve multiple functions, including pre-season planning, in-season allocation, replenishment, and markdown planning, ensuring all teams work from the same demand signals. - Centric Software reports that select customers using its AI-driven pricing and inventory tools have achieved revenue increases of up to 18%. - This technology is designed to address inventory distortion, a problem that costs global retailers an estimated $1.1 trillion annually from combined stockouts and overstock situations. - The tool is part of a broader, integrated suite of enterprise solutions that includes Centric PLM™ for product development, Centric Planning™, and Centric Market Intelligence™, which provides insights on competitor pricing. - Gartner has identified Centric Software as a Representative Vendor for unified price, promotion, and markdown optimization solutions, noting its focus on short lifecycle goods like fashion and footwear. - Centric's AI capabilities have been strengthened through strategic acquisitions, including StyleSage in 2022 for competitive benchmarking and Contentserv in 2025 for AI-powered Product Experience Management (PXM). - The platform supports various pricing strategies, including lifecycle pricing for seasonal products, dynamic pricing for e-commerce, and automated price adjustments in response to competitor strategies.
