Maersk invests in ERP solution geared toward managing unsold inventory
Spoiler Alert debuted a new Inventory module that supports greater integration with food company’s ERP and warehouse management systems.
A.P. Moller Maersk, Denmark, invested in Spoiler Alert, a Boston, Mass.-based provider of software solutions and value-added services geared toward helping food businesses manage unsold inventory, as part of a strategic round of financing. The additional funding will allow Spoiler Alert to accelerate product development and expand the company’s engineering, customer service and sales teams.
“Historically, our core software suite has provided food companies with the ability to track and manage unsold products across donation and recycling outlets,” says Emily Malina, chief product officer for Spoiler Alert. “Our new capabilities are increasingly predictive and preventative in nature, allowing customers to anticipate shrink before it happens and providing them with dynamic tools that strategically introduce discounted sales channels into their portfolio of value recovery options.”
Peter Jorgensen, venture partner at Maersk Growth and leader of its Fight Food Waste team, joins Valley Oak Investments and Acre Venture Partners on Spoiler Alert’s board.
“Maersk is thrilled to be backing Spoiler Alert in this next phase of growth,” says Jorgensen. “We are extremely bullish on their ability to distill insights from companies’ inventory and waste data and introduce real-time decision-making capabilities for their customers.”
“Since starting Spoiler Alert in 2015, we’ve been committed to building an enduring company that operates across global supply chains, not just here in the United States,” says Ricky Ashenfelter, chief executive officer of Spoiler Alert. “Maersk offers unparalleled logistics expertise, as well as access to thousands of food brands that leverage its transportation and supply chain services to move perishable product around the world.”
Spoiler Alert debuted a new Inventory module that supports greater integration with food company’s enterprise resource planning (ERP) and warehouse management systems.