Syrup

Syrup Tech embarked on its journey in 2020, born from a crucial insight: to combat the pervasive issue of waste in the apparel and footwear industry, a significant improvement in future prediction was essential. The founders, James Theuerkauf and Ferdinand Stockmann, leveraged their collective expertise in econometrics, engineering, and fashion industry consulting, which coincided with a pivotal moment in technological advancement: AI forecasting methods were rapidly surpassing traditional statistical models. This synergy fueled their mission. Early AI trials yielded such promising results that the team was inspired to think bigger. Their initial question evolved from simply creating the world's best demand forecast to a more ambitious goal of fundamentally changing how inventory decisions are made.

The company's core offering is an AI-powered predictive software platform designed to provide decision support for merchandising teams. In a landscape marked by profound supply chain disruptions, the rise of true omni-channel networks, and increasingly sustainability-conscious consumers, Syrup Tech recognized the urgent need for next-generation inventory systems. Their platform empowers merchandising and planning teams by delivering recommendations for allocation, ordering, and planning, all driven by real-time data. The ultimate vision for Syrup Tech is to transform commerce into a non-wasteful industry by fostering inventory excellence at every point in the value chain. The platform is engineered to help retailers and brands optimally produce, procure, promote, and allocate their inventory, thereby increasing sell-through rates without encountering stock-outs, which in turn drives profitability and sustainability. Syrup Tech's approach is not just about providing a better planning tool; it's about building a solution that redefines industry standards and improves how work gets done. They aim to make AI an indispensable, albeit 'boring' in its reliability, tool for the fashion industry, much like a calculator for a math exam. By replacing outdated systems with AI-powered tools, Syrup Tech helps retailers optimize stock levels, reduce waste, and improve profit margins, positioning itself at the forefront of a new, AI-powered standard in inventory management.