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Impact Analytics Brings AI Native InventorySmart Technology to Merchandise Planning Curriculum at the Fashion Institute of Technology FIT

Introduction

The world of fashion is constantly evolving, and staying ahead of the curve requires a deep understanding of the industry’s intricacies. To equip students with the necessary skills, Impact Analytics has partnered with a leading fashion education provider to integrate their market-leading SaaS solution, InventorySmart, into the course “Fashion Planning & Allocation.” This innovative collaboration aims to provide students with hands-on experience with cutting-edge tools, preparing them for a successful career in the fashion industry.

What is InventorySmart? InventorySmart is a cloud-based software designed to streamline inventory management, optimize stock levels, and improve forecasting accuracy.

The Rise of AI in Fashion Business Management

The fashion industry is undergoing a significant transformation, driven by technological advancements and changing consumer behaviors. One of the key areas where AI is making a substantial impact is in fashion business management.

Retailers and fashion brands are turning to AI to optimize inventory management and reduce losses.

The Rise of AI in Retail and Fashion

The retail and fashion industries have long been driven by the need for accurate inventory management. However, traditional methods of forecasting and managing inventory have proven to be inefficient and often inaccurate. This has led to significant losses for retailers and fashion brands, resulting in wasted resources and lost sales opportunities.

The Need for AI-Powered Inventory Management

In response to these challenges, the retail and fashion industries have begun to adopt AI-powered solutions for inventory management.

FIT has a strong reputation for producing graduates who are well-prepared to succeed in their chosen careers.

The History of FIT

The Fashion Institute of Technology (FIT) has a rich history that spans over 75 years. The college was founded in 1944 as the New York City branch of the Parsons School of Design. In 1966, the school was renamed the Fashion Institute of Technology. Over the years, FIT has undergone several transformations, including the addition of new programs and facilities.

Early Years

  • The Parsons School of Design was founded in 1896 by Charles Rennie Mackintosh and Alphonse Mucha. The school was initially located in Paris, France, and later moved to New York City in In the early years, the school focused on teaching traditional crafts and skills, such as drawing, painting, and sewing. ## Notable Alumni*

    • Notable Alumni

  • Calvin Klein: Known for his minimalist and modern designs, Klein is a renowned fashion designer who has dressed celebrities such as Madonna and Mariah Carey. Michael Kors: A successful fashion designer and entrepreneur, Kors is known for his chic and sophisticated designs.

    A Decade of AI Innovation

    Impact Analytics has been a pioneer in the field of AI, with a decade-long history of delivering cutting-edge solutions and consulting services. The company’s commitment to innovation has been recognized by top-tier publications such as Fortune, Financial Times, Inc. 5000, and the RIS Leaderboard.

    Key Milestones

  • 2009: Impact Analytics was founded by a team of AI experts with a vision to harness the power of machine learning for business applications.

    Media Contact Maggie Williams Dryden Vice President, Global Head of Marketing maggie.dryden@impactanalytics.co

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