TMCnet News
AI Powered Inventory Management System Predian LaunchesPredian is announcing the launch of their revolutionary cloud native Artificial Intelligence (AI) powered inventory management solution. Offering predictive analytics and extensive data mining through AI and Machine Learning (ML), Predian is set to transform how dealers manage their inventory, leading to higher profits and significantly reducing time to sales. Until now, the inventory management system was a division of Redline Automotive Merchandising. From now on, and under a new name, Predian will operate as a standalone business supporting automotive dealerships and several lot service companies directly. Serving more than 1,000 franchise dealers and growing, with this move, Predian will be able to turbocharge its innovation focus on inventory management and maintain the high level of service the company is known for by its customers. What sets Predian apart from other inventory management systems are three areas, all powered by AI/ML: Merchandising, Predictive Analytics, and Business Intelligence.
Predian can help determine the right inventory to stock and where to price it by analyzing historical sales data, market trends, and customer behavior - preventing overstocking, reducing carrying costs, and minimizing risk. Predian is entirely cloud-native, enabling powerful and innovative updates to be regularly made. Predian has hired a team with deep inventory management and automotive experience. Merritt Critcher, who has decades of experience in inventory management at Dealertrack, DealerSocket, and Solera, heads up product development, and Stephen Batten, who has years of experience at Redline, Impel, Experian, and Reynolds and Reynolds, serves as the Chief Revenue Officer - along with McGlade who has served as the CEO of Redline since 2019. Predian will be debuting their solutions at NADA in Las Vegas from February 2 - 4, 2024, at booth #7142N. About Predian Predian is a leading automotive technology company offering the industry's first AI/ML-powered inventory management platform. Powering over 1,000 franchise dealers, Predian leverages proprietary data models that guide users through every decision in the inventory lifecycle from acquisition to disposition to maximize speed and profitability. With an API-first approach, Predian integrates seamlessly with a large ecosystem of web platforms, DMSs, merchandising tools, and CDPs. For more information visit, www.predian.ai
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