Pen Store signs with Madden Analytics to automate inventory planning for its expanding e-commerce and retail operations

August 30, 2024

Aug 30, 2024

Press Release

Pen Store, one of Scandinavia's leading retailers of art supplies and stationery, has partnered with Madden Analytics to streamline inventory planning across its e-commerce platform and physical store.

Founded in 2010, Pen Store has grown from an e-commerce startup to a major player in the creative supplies sector, serving customers across Sweden, Denmark, Norway, Finland, and the broader European Union. With a vast assortment of over 13,000 unique items, Pen Store faces the challenge of managing a diverse inventory, with the goal of never being out-of-stock in any of them online or in store.

To address the complexity of managing such a large and varied inventory, Pen Store has turned to Madden Analytics. Madden Analytics' cloud-based platform will provide automation and data-driven recommendations for inventory planning, allocation and purchases, enabling Pen Store to improve efficiency and reduce manual processes.

"As we continue to grow and expand our offerings, it is vital for us to implement smarter systems that ensure our customers can always find what they need when creativity strikes, whether in-store or online," says Jacob Bergström, CEO of Pen Store. "With Madden Analytics, we are confident that their technology will allow us to automate key processes and provide intelligent recommendations, ensuring that our products remain available to customers at all times."

The partnership will enable Pen Store to reduce stockouts, enhance customer satisfaction, and support the company's long-term growth goals as it scales its operations across multiple markets.

"We are excited to work with Pen Store, a company that has built a strong reputation for delivering high-quality creative products," says Axel Bukowski, CEO of Madden Analytics. "With their extensive inventory and both online and physical retail presence, they have unique needs that our platform is well-equipped to meet. We look forward to supporting them in optimizing their inventory planning needs.

About Pen Store
Pen Store is a leading retailer of art supplies and stationery, founded in Stockholm in 2010. Starting as an online store, Pen Store has since expanded to serve customers throughout Scandinavia and the European Union, offeringa wide range of creative products at competitive prices. The company operates both a physical store on Södermalm in Stockholm and a growing e-commerce platform with a central warehouse located in Västberga. Pen Store's mission is to provide the tools needed for creativity, with a focus on fast delivery, excellent customer service, and a continuously expanding product range.

Contact:
Axel Bukowski, CEO, Madden Analytics
Axel@maddenanalytics.com
+4673 561 88 68

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