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Onebeat

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Onebeat Company Research Report



Company Overview



  • Name: Onebeat


  • Mission of the Company:

Focused on transforming retail inventory management through AI-powered solutions that adapt to real-time demand and optimize stock levels to enhance profitability.

  • Founded: 2018


  • Founders: No information is available.


  • Key People:

  • Dr. Yishai Ashlag - CEO

  • Sevonne Eliyahu - Chief Revenue Officer


  • Headquarters:

Derech Menachem Begin 7, Ramat Gan, Israel

  • Number of Employees: No information is available.


  • Revenue: No information is available.


  • Known For:

Onebeat is known for its AI-driven inventory management platform that minimizes stockouts and overstock, improves sales with less inventory, and provides real-time data-driven insights to optimize inventory at the SKU, store, and customer levels.

Products



Smart Allocator


  • Description: Adjusts inventory targets daily to ensure optimal stock coverage, ensuring fresh and profitable inventory.

  • Key Features:

  • Ensures availability of sellable items

  • Synchronizes the flow of new products


Replenishment System


  • Description: Monitors sales and inventory across channels to manage stock levels efficiently.

  • Key Features:

  • Daily adjustments based on real-time data

  • Reduces lost sales and improves inventory management


Store Transfer Module


  • Description: Facilitates the transfer of merchandise between stores to optimize inventory distribution.

  • Key Features:

  • Achieves efficient store transfers

  • Maintains optimal inventory levels across stores


Assortment Management


  • Description: Manages the variety of products in the inventory to keep fast-moving items in stock and phased-out slow movers.

  • Key Features:

  • Dynamic execution of inventory strategies

  • Adjusts product range in real-time


Tail Rotation Engine


  • Description: Maximizes availability of best-sellers and synchronizes new product introductions with the phase-out of slow movers.

  • Key Features:

  • Improves inventory turnover

  • Dynamically customizes assortment for each store


Recent Developments



New Products Launched


1. AI-Driven Seasonal Inventory Management Tool
  • Description: Designed to manage inventory effectively during seasonal peaks.

  • Launch Date: 2024


New Features Added


  • No information is available.


Key Partnerships


  • Series A Funding Completion

  • Lead Investors: Surround Ventures and AnD Ventures

  • Strategic Partner: Renuar Group


Market Expansion


  • North American Market: Significant growth of 270% reported in the last quarter.

  • Global Client Roster: Increased by 65%.


Leadership Enhancements


  • Appointment of Sevonne Eliyahu as Chief Revenue Officer

  • Previous Roles:

  • President of Gravyty

  • Executive roles at SimilarWeb [NYSE: SMWB] and LivePerson [NASDAQ: LPSN]

  • Goals: Accelerate market expansion and drive significant revenue growth.


Achievements


  • AWS Retail Competency Award: Recognized for pioneering AI-driven retail optimization.


Environmental, Social, and Governance (ESG) Initiatives


  • Integration with Sustainable Practices: Focused on minimizing surplus inventory and thus reducing environmental impact, particularly in the fast-fashion industry.


Industry Solutions


1. Apparel and Accessories:
  • Challenge: Matching store inventory with client demand.

  • Outcome: 20% increase in full-price sales items.


2. Footwear:
  • Challenge: Wide range of sizes and styles.

  • Outcome: 70% reduction in stockouts.


3. Jewelry & Luxury Products:
  • Challenge: Managing non-moving stock while introducing new collections.

  • Outcome: 50% higher inventory turnover.


4. Consumer Electronics:
  • Challenge: Rapidly aging inventory.

  • Outcome: 15% increase in full-price sell-through.


5. Pharmacy:
  • Challenge: High availability with narrow margins.

  • Outcome: 30% return on sales.


Clients and Case Studies


  • Examples of Clients:

  • Renuar: Significant increase in full-price sales and reduced average inventory.

  • Diltex Brands: Simplified and optimized replenishment system.


Contact Information


  • Email: contact@1beat.com

  • Headquarters:

  • USA: 16192 Coastal Hwy Lewes Delaware 19958, USA

  • Israel: Derech Menachem Begin 7, Ramat Gan, Israel 5268102








Note: Information is curated based on provided data, and some fields might not be available as indicated.