Nov 5 2022
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LVMH created the LVMH Innovation Award in 2017 to recognize the most promising companies of the moment.
The LVMH Innovation Award is open to startups from around the world that are positioned to operate on a global scale to help the luxury world leader meet challenges linked to creative processes, the omnichannel customer experience, operations or production.
This award reaffirms the importance of disruptive new ideas, resonating with the core values of the LVMH Group: excellence, creativity, innovation and entrepreneurship.
Shortlisted companies will have the chance to showcase their solution on the LVMH Lab at VivaTech, one of the top innovation worldwide events and the winners – one startup for each category and a final grand winner – will be honored during the LVMH Innovation Award ceremony at VivaTech’s main stage, on June 16, 2022.
For Alberto del Barrio, CEO and Co-Founder of Orquest, “the recognition from an historical family-run group like LVMH is the worldwide confirmation of the quality, strength and efficiency of the AI, predictive analytics and mathematical optimization of Orquest solution“.
Orquest is a forecasting and scheduling software based on cutting-edge algorithms, advanced analytics and AI, designed for Retail to help managers in workforce management to generate impact at the store, improve employee performance and productivity, and easily adapt to complex legislative environments.
By efficiently optimising the store workforce, Orquest provides the potential to achieve more sales per hour of work from satisfied, motivated employees who are aligned with the company’s objectives.
Orquest saves more than 90% of the time spent on scheduling, reducing labor costs by up to 5% and increasing annual sales figures by up to 8%.
If you would like to improve your retail productivity with Orquest, you could request a demo by reaching out.