In this episode of Meet the Expert with Elliot Kallan, we dive deep into the evolution of inventory management with Frank Nardi, Chief Revenue Officer at CIN7, a leader in AI-driven inventory solutions. If you’re a small or mid-sized business owner in Growth mode, struggling with efficient inventory management, or seeking ways to optimize logistics, this episode is for you.

Watch the Episode Here

An Introduction to CIN7

As businesses scale, managing inventory becomes more complex, often turning spreadsheets and manual processes into significant roadblocks. According to Frank Nardi, CIN7 specializes in helping businesses transition from outdated systems to AI-powered solutions that not only manage inventory but drive growth efficiently.

Elliot Callan (EC): Frank, welcome to the show. Can you tell us a bit about CIN7 and what your company does?

Frank Nardi (FN): Thanks, Elliot. CIN7 is all about connected inventory performance. We provide solutions for product sellers across the globe, with 8,400 customers in 70+ countries. Our goal is to help businesses—especially those in growth mode—manage their inventory as they scale, whether they sell business-to-business or through different Retail channels.

Shifting from Growth-at-All-Costs to Efficient Growth

EC: Many business owners focus on “growth at all costs,” but CIN7 promotes efficient growth. Can you explain the difference and how AI plays a role in this?

FN: Absolutely. Coming out of the pandemic, we saw a lot of companies pushing for rapid growth, especially in the Software as a Service (SaaS) space. But recently, the focus has shifted towards profitable and efficient growth—scaling in a way that ensures long-term customer retention and optimized operations. That’s where AI comes in and AI-driven inventory solutions. At CIN7, we use AI to enhance inventory management, ensuring businesses can grow efficiently without tying up capital or suffering from stock shortages.

The Role of AI in Inventory Management

Inventory inefficiency is a $1.1 trillion problem globally, with $163 billion lost each year due to poor inventory management. Frank explains how CIN7 uses AI and machine learning to tackle this issue, making it easier for businesses to grow without the headaches of manual processes and spreadsheet overload.

FN: We’ve recently acquired Inventoro, an AI-driven platform that focuses on inventory forecasting and efficiency. Using a combination of AI, machine learning, and statistical modeling, we help businesses optimize their inventory across multiple channels—whether it’s managing warehouses, forecasting demand, or avoiding overstock and stockouts.

Addressing the Needs of Small and Mid-sized Businesses

EC: It sounds like your target market is small to mid-sized businesses in the scaling phase. How do you cater to their specific challenges?

FN: Yes, exactly. We work with two types of businesses: first-time buyers, who are just moving away from manual systems like spreadsheets, and second-time buyers, who may have tried larger, more complex ERPs and need a more flexible, scalable solution. For both types, our AI-driven approach helps streamline operations, allowing businesses to grow without being bogged down by inefficiencies.

AI in Action: Four Key Lanes of Efficiency

At CIN7, AI is used to create efficiency across four key areas:

1. Automating Repetitive Tasks: AI handles routine activities, allowing teams to focus on higher-value tasks.
2. Improving Decision-Making: AI provides actionable insights from massive data sets, helping businesses make informed decisions.
3. Driving Innovation: AI helps identify new product opportunities and customer needs, allowing businesses to stay ahead of the curve.
4. Enhancing Targeted Marketing: AI enables more personalized marketing and better segmentation, ensuring the right message reaches the right customer at the right time.

Saving Time and Resources with AI-driven Inventory Solutions

EC: As a business owner, time is often my most limited resource. How does CIN7 help save time and increase efficiency?

FN: Time is a critical resource for every business owner. AI-driven inventory solutions helps by eliminating manual processes, reducing errors, and optimizing inventory flow. This allows businesses to focus on growth without getting caught up in operational inefficiencies. For example, AI can forecast inventory needs, prevent overstocking or stockouts, and improve cash flow management—freeing up valuable time for business owners to focus on strategic growth.

Wrapping Up

As Frank Nardi shared, AI is transforming how businesses manage inventory, providing not only greater efficiency but also smarter, more sustainable growth. If you’re looking to optimize your operations and scale effectively, AI-powered solutions like CIN7 may be the key to unlocking your company’s potential.

Contact CIN7

• Website: CIN7.com
• LinkedIn: Frank Nardi

For more insights and expert interviews, visit Prosperity Financial Group, or reach out to Elliot Kallan directly at 925-314-8503.

The post The Evolution of AI-Driven Inventory Solutions with Frank Nardi appeared first on Prosperity Financial Group | San Ramon, CA.

Elliot Kallen Wealth Manager | Registered Principal

For more than three decades, Elliot has provided customized wealth management solutions for entrepreneurs, business owners, retirees, and millennials.

Elliot and his wife, Tammy, are passionate about giving back to the community through their 501(c)(3) foundation, A Brighter Day. Through his partnership with A Brighter Day Charity, the Kallen family has helped local teens and young adults recognize and access resources to cope with the risks of stress and depression.

He enjoys spending his free time with his family. Some of his hobbies include cooking, wine, golf, travel, and studying history.

He lives in Lafayette, California with his wife, step-daughter, and grandson.