The client wanted to find excess/shortage inventory and build an automated solution that can help take corrective actions. In their previous state, there was no tech solution that could help identify the underperforming inventory and take corrective actions so as to optimize the inventory management. They needed a comprehensive solution to keep track of the basic day to day inventory flows and have an analytic layer to highlight the inventory issues.
Collated data and integrated discrete systems to collect actionable information in a dashboard.
Identified underperforming inventory using various KPIs such as inventory turns, sales velocity etc.
Recommended right mix of SKUs based on ABC analysis and suggested the inventory norms.
Created a single platform for all users which is capable to:
The client was able to fix 30% of the total leakage in revenue by optimizing the movement of inventory and addressing the underperforming inventory