Data science isn’t just a team or department — it’s the beating heart of our operation. Get to know the people, the strategies, and the experiments keeping that heart strong. → Thoughts from Michael Smith, PhD on why brands and retailers should care about data science — it has a lot to do with forecast accuracy and increased margins. → Get to know one of our brilliant data scientists, Lorena Piedras, and learn how becoming an expert in our customers’ data allows her to deliver outsized value. → Dive into our new experiment series, Always Innovating — our first write-up explains why *how* we train our models should matter to you. Follow our page to ensure you always catch the latest data science updates. We’ll be publishing experiments, spotlights, and interesting reads frequently.
Syrup Tech
Software Development
New York, NY 5,582 followers
Inventory excellence for apparel + footwear. Powered by AI.
About us
Syrup helps you plan, allocate, and buy with confidence. Use pinpoint-accurate demand signals and intelligent optimization recommendations, all powered by AI, to increase margins while growing your apparel or footwear brand. Backed by leading investors including Accel and Gradient Ventures.
- Website
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https://syrup.tech
External link for Syrup Tech
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2020
- Specialties
- Demand Forecasting, Inventory Optimization, Product Lifecycle Management, AI/ML, Omnichannel Retail, Full-price Sell-through, Allocations, Buying, Unified Data, Replenishments, and Inventory Rebalancing
Products
AI-powered planning and allocation
Inventory Management Software
The decision-support engine for retail. We use advanced machine learning models to empower brands and retailers to make data-driven merchandising decisions. In-season allocation & replenishment - Optimize initial inventory allocation across stores, warehouses, and fulfillment centers. - Re-allocate and re-balance inventory as needed to improve sell-through rates. - Better forecast demand and replenishment needs to avoid stockouts. In-season buying & re-ordering - Optimize size x style x color buys and re-orders for continuity or basic items. - Get buy recommendations for fast-turning styles. - Identify potential lost sales due to changes in the demand forecast.
Locations
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Primary
52 Mercer Street
New York, NY 10013, US
Employees at Syrup Tech
Updates
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Introducing our new VP of Product, Fion Lam! Fion brings a deep understanding of the merchandising challenges modern apparel + footwear brands face — and the product chops required to develop elegant solutions to complex problems. Her time at iconic companies like Faire, Square, and Accel crystallized many foundational skills, none more important than the understanding that great products are rooted in customer empathy. Read the Q&A to: - Learn more about her product philosophy - Understand why solving the big data problem is so important for merchandising teams - Get her prediction about when retail waste will be a thing of the past https://lnkd.in/g-xwR_Ns
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We’re celebrating yet another milestone — our 50th employee! In just one year, we've grown from a small team of 14 to a global community spanning 13 time zones. But 257% headcount growth doesn’t happen by accident, of course. From embracing remote hiring to fostering a values-driven culture, our journey has been incredible. Curious about our strategies and lessons learned? Check out the latest blog post from our Director of People and Talent Dana Laufer, SHRM-CP for her thoughts on the past year’s growth: how it helps us serve our customers even better and why it’s such an important validation of our mission. Read more here: https://lnkd.in/gajQKN-E #Growth #TeamBuilding #RemoteWork #CompanyCulture #Hiring
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Just in: the Artificial Intelligence issue of Sourcing Journal x WWD's Tech Report is now live, and we are proud sponsors. Inside you'll find a special Q&A with our founder James Theuerkauf about the role of AI in shaping the future of inventory. Common merchandising and buying challenges are ultimately a big data problem — and human-in-the-loop AI is the perfect tool to address them. Grab your copy of the report here: https://lnkd.in/dBX_5C_b
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Welcome to Always Innovating, where we shine a spotlight on the AI discoveries shaping the future of optimized inventory: https://lnkd.in/gasBRg6g Our dedicated data scientists are constantly working behind the scenes, pushing the envelope so retailers can identify and meet demand, accurately and efficiently. This first experiment write-up features the great Lorena Piedras asking a subtle question with profound implications: Why does it matter how we train our AI models? Isn’t the end result more important? We know that most people are not data scientists. Always Innovating is educational by design, no matter how little you may know about loss functions or something called Tweedie. For the more technically inclined, there’s a PDF linked in the blog with a more formal write-up. Education is a core pillar of how Syrup operates. We genuinely hope you find something interesting — let us know in the comments if you do!
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Have you ever wondered why Syrup has a team of PhD data scientists on staff? The short answer: AI. But if you want to dig deeper, Syrup’s Senior Manager of Data Science Michael Smith, PhD has what you’re looking for: https://lnkd.in/gnjKXxuv Our data scientists are professional treasure hunters and problem solvers. They sift through an endless supply of demand signals, seeking the most useful nuggets, and then diligently uncover practical applications for them. The end goal? Smarter, more precise forecasts feeding optimization recommendations that allow retailers to predict and meet demand with pinpoint accuracy. It’s a complex world filled with combinatorial math, AI model training, data normalization…the very subjects most of us would rather leave to the experts. And expertise is exactly what you get with Syrup.
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We couldn't have said it better ourselves. Thanks to Limitless Innovation for the shout out!
💥 Revolutionizing #Inventory #Optimization with Syrup Tech’s #AI-Powered #Technology. 💫 Syrup Tech, an #innovative #AI-powered recommendation engine, is transforming #inventory #optimization for #brands by boosting full-price sales and minimizing excess inventory. By harnessing the power of historical sales data, real-time transactions, and various data sources, Syrup’s advanced machine learning models accurately forecast seasonality and trends, continuously enhancing their predictive capabilities. 💡Syrup Tech’s tailored algorithms cater to each brand’s unique needs, offering real-time #recommendations for allocation, #replenishment, #rebalancing, and #reordering, thus accelerating decision-making processes and improving efficiency. This system ensures optimized initial inventory allocation across stores, warehouses, and fulfillment centers, while also re-allocating and rebalancing inventory to enhance sell-through rates and avoid stockouts. ❗️In-season buying and reordering are also optimized with size, style, and color recommendations for continuity or fast-turning items, helping to identify and mitigate potential lost sales due to demand fluctuations. Established and emerging omni-channel #brands and #retailers have reported significant impacts from using Syrup Tech, with noticeable improvements in full-price sell-through and reduced stockouts within weeks. 👥 Co-founders James Theuerkauf and Ferdinand Stockmann, both Harvard Business School graduates, launched Syrup Tech in 2020 as part of the Harvard Innovation Labs. With backgrounds in McKinsey & Company and Boston Consulting Group (BCG) respectively, they bring extensive expertise in inventory management and #optimization. Syrup Tech is supported by top venture firms and global retail leaders, underscoring its effectiveness in delivering substantial business impact through smarter, faster inventory decisions. #FashionInnovation #Technology #FashionTech #DigitalFashion #TechStyle #FashionInventory #FashionEvolution #AI #Fashion #StartupSpotlight #InnovativeStartups #LimitlessInnovation
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Unsure what AI use case(s) you should prioritize for your omnichannel business? Omni Talk Retail posted this fantastic resource for anyone seeking clear, actionable guidance. We're unsurprised and excited to see predictive analytics, assortment optimization, real-time inventory management, and of course, demand forecasting called out on this list. Syrup's AI-powered technology combines many of these features to help retailers where it matters most: financial performance. Reach out if you'd like to learn more or visit us at https://syrup.tech/
It is time to get practical about AI! So yesterday Chris and Anne interviewed Amazon Web Services (AWS)'s David Dorf and IDC's Filippo Battaini, live on LinkedIn in the latest episode of their Ask An Expert Webinar series. Together they discussed: - The most impactful use cases for AI and generative AI in retail - Real-world case studies demonstrating AI-driven ROI and profitability - Practical insights on leveraging AI for inventory management, demand forecasting, product descriptions, hyper-personalization, and ideation - The IDC Techscape: A comprehensive framework for evaluating AI use cases in retail (link to Techscape here: https://lnkd.in/gDvNTP8f) - Strategies for successful AI adoption and implementation Don't miss this opportunity to learn from the experts and take your retail game to the next level! Subscribe to the Omni Talk Retail podcast channel now and join the conversation around AI-powered retail innovation! Apple Podcasts | https://lnkd.in/g99hXh85 Spotify | https://lnkd.in/gUT738ma Amazon Music | https://lnkd.in/gbwJF5Nr YouTube | https://lnkd.in/gYJ_y7Bu Omni Talk Website | https://lnkd.in/g2fqmJ6h #RetailInnovation #AIinRetail #GenerativeAI #RetailTechnology #ROI #InventoryManagement #DemandForecasting #Hyperpersonalization #OmniTalk retail #retailing #grocery #conveniencestores #cpg #branding #advertisingandmarketing #onlineshopping #shoppingandtheretailindustry #supplychainmanagement #FastFive #fashionretail #luxuryretail #beauty
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Syrup Tech reposted this
Our engineering leadership team at Syrup Tech is growing. We're looking for a platform-focused director to join me, Justin Basque, Michael Smith, PhD and the others on this great team. Be a part of this 🚀rocket ship crew!
Director of Engineering - Remote East Coast US
jobs.ashbyhq.com
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Data science is the critical foundation allowing us to deliver pinpoint accurate forecasts and intelligent inventory recommendations, all powered by AI. Get to know one of the artists behind our cutting-edge approach: https://lnkd.in/gYAnNHpK Lorena Piedras is a NYC transplant whose love of algorithms and probabilities is only topped by her passion for the outdoors. She sat down to chat through: - Why working with AI is so exciting — and intimidating - How she becomes an expert in our customers’ data - The ideal location to take advantage of Syrup’s work-from-anywhere philosophy Make sure to visit our blog for the full Q&A.
Get to know the artists behind the data science.