What is Turnsmith?
Turnsmith offers Perfect Inventory, a software solution engineered for efficient inventory management via automation. The platform is designed to help clients reduce inventory levels by up to 30% and enhance on-time delivery rates. By employing Kanban best practices, Turnsmith's software monitors real-time consumption and automates order placements, ensuring optimal stock levels. The solution targets plant managers, finance leaders, and suppliers, aiming to foster improved supplier collaboration and supply chain visibility. Turnsmith emphasizes a rapid implementation process, guaranteeing results within 30 days for businesses facing challenges with legacy systems.
How much funding has Turnsmith raised?
Turnsmith has raised a total of $4M across 1 funding round:
Series A
$4M
Series A (2007): $4M with participation from True Ventures
Key Investors in Turnsmith
True Ventures
True Ventures is a founder-first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance, and a strong community to help build enduring technology and artificial intelligence driven companies.
What's next for Turnsmith?
With a significant enterprise-level funding injection, Turnsmith is poised for accelerated growth and market expansion. The company's focus on automation and efficiency in inventory management, particularly through its Perfect Inventory software, positions it to capitalize on the increasing demand for streamlined supply chain solutions. Future developments are likely to involve enhancing supplier collaboration tools and further integrating AI-driven forecasting to maintain its competitive edge in the plant management and supply chain technology sector.
See full Turnsmith company page
