Customer Speak: How Tacori is Shaping the Future of Luxury Retail with AI-Driven Optimization

Blog / Customer Speak: How Tacori is Shaping the Future of Luxury Retail with AI-Driven Optimization

In the world of luxury jewelry, Tacori stands as an emblem of craftsmanship and timeless elegance. Renowned for their exquisite designs and unmatched quality, Tacori has been a leading name in the industry for decades. However, as the retail landscape evolves, Tacori has recognized the need to innovate beyond traditional methods. To remain at the forefront of the luxury market, the brand has embraced cutting-edge technology, specifically AI-driven optimization, to enhance its operations and customer experience.

Manju Devadas, CEO, Pluto7 is set to sit down with Christine Scalese, Senior Vice President of Operations at Tacori, for an upcoming fireside chat to discuss how AI is transforming the retail industry. During this insightful conversation, Scalese will delve into Tacori’s journey of integrating AI into their business operations, shedding light on the strategic decisions that have positioned Tacori as a pioneer in the luxury retail sector.

The Power of AI in Retail: Tacori’s Strategic Utilization

Artificial Intelligence (AI) is revolutionizing the retail industry by enabling brands to optimize their operations, personalize customer experiences, and make data-driven decisions. 

In the upcoming fireside chat, Christine Scalese will highlight the transformative potential of AI in retail, emphasizing how it can revolutionize product design, production, and distribution. She will discuss how, for Tacori, AI has been instrumental in improving demand forecasting, inventory management, and streamlining operations, ultimately leading to cost savings and improved cash flow.

Tacori and Pluto7: A Partnership Driving AI Innovation

Tacori, recognizing the immense potential of AI, partnered with Pluto7 to embark on a transformative journey with our AI platform Planning in a Box. The collaboration focused on addressing key challenges Tacori faced, such as disparate systems and a lack of centralized data, which had previously hindered their decision-making process.

By migrating from on-premise systems to a cloud-based environment, Tacori achieved greater accessibility and visibility of their data. This move not only streamlined their operations but also empowered their team to make informed decisions quickly. One of the most significant outcomes of this transition was a 50% reduction in inventory carrying costs. This improvement allowed Tacori to reinvest the savings into other critical areas, such as product development and marketing, further enhancing their market position.

The Future: Tacori’s Vision for Generative AI

Looking to the future with generative AI, Tacori envisions a world where customers actively participate in the design process, creating truly unique and personalized pieces of jewelry. In an upcoming fireside chat, Christine Scalese, Senior Vice President of Operations, will discuss the exciting prospect of generative AI transforming the design process. This transformative technology will allow Tacori to offer even more bespoke and innovative options to its clients, enabling on-demand design and hyper-customization.

Join us for an In-Depth Discussion on AI in Retail

On September 10, 2024, at 10 AM PDT, Pluto7 will host an exciting Fireside Chat with Tacori, diving into the transformative potential of AI in retail, focusing on improving demand forecasting, inventory management, and streamlining operations.

You’ll gain firsthand insights into how AI can revolutionize your business operations, improve efficiency, and drive profitability. Whether you’re looking to optimize your supply chain, enhance your customer experience, or simply stay ahead of the curve, this event is your opportunity to learn from industry leaders.

Save the Date: September 10, 2024, at 10 AM PDT, click here to Register