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Home Retail News Retailer News

Iceland partners with invent.ai to transform inventory and replenishment operations

by Fiona Briggs
April 14, 2026
in Retailer News
Reading Time: 3 mins read
Iceland Leading frozen food and grocery retailer, Iceland Foods (Iceland), is transforming the way it manages inventory and replenishment with the help of invent.ai, a global leader in retail inventory optimisation and multi-agentic AI.
The move addresses one of retail’s most persistent challenges: keeping thousands of SKUs consistently available across a nationwide network of stores and distribution centres.  By leveraging invent.ai’s AI-powered platform, Iceland can now turn complex sales, supply and demand data into real-time operational actions at scale, ensuring that the right products are in the right place at the right time.
The platform goes beyond traditional forecasting by factoring in seasonal demand, promotions, new product launches and one-off anomalies.  It automates replenishment decisions, providing operational teams with optimised stock recommendations that reduce waste, minimise stockouts and maximise sales opportunities.
“AI is giving us the visibility and control we’ve never had before,” said Matt Downes, Supply Chain Director at Iceland Foods. “We can now keep shelves consistently stocked with the products our customers want, reduce lost sales and improve the overall shopping experience across every store and distribution centre.”
Invent.ai continuously learns from historical trends and adjusts for lost sales, providing highly accurate forecasts and actionable guidance for every SKU across the network.  With product availability overtaking price as the primary loyalty driver among UK grocery shoppers, Iceland can now make faster operational decisions and respond proactively to customer demand changes to improve product availability, enhance customer experience (CX) and maximise sales.
“Our focus is helping retailers translate complex data into tangible business outcomes,” said Farid Mohsen, VP of strategic accounts at invent.ai. “By optimising inventory and automating replenishment decisions, we enable retailers to improve efficiency, increase product availability and deliver a better experience for every customer, every day.”
The partnership with Iceland follows invent.ai’s continued momentum in the UK market, having signed significant deals with leading brands including Footasylum and Migros.
Invent.ai will also be joined alongside its customer, Boots, at the Retail Technology Show (RTS), which takes place at London’s ExCeL on 22 & 23 April 2026.  Speaking on the Spotlight Stage at 2.50pm on 22 April, Boots’ Senior Transformation Manager, Ann Fooks, will join invent.ai’s Farid Mohsen to discuss how clients are leveraging AI-decisioning to optimise forecasting and inventory while improving visibility throughout its supply chain.
Invent.ai will also be showcasing its full suite of multi-agentic AI solutions, which help retailers turns data into real-time decisions, at RTS on booth #J48.
To find out more, or to book a meeting with invent.ai at RTS, visit: https://www.invent.ai/events.
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