Why Off Scan Alert?
On-shelf availability of products means that your customers will always have products available. As simple as it may sound, there are multiple complications associated with this. Various factors drive on-shelf availability, including efficient supply chain & logistics, good coordination among suppliers, manufacturers, warehouses, and retailers.
Regular on-shelf availability ensures that the company will not suffer losses due to the unavailability of products. For various reasons, products’ unavailability can affect sales, brand visibility, and competitive edge. Here is what we can provide to improve your on-shelf availability of products.
| 1. | Advanced ML algorithms to forecast sales based on historical data |
| 2. | Identifying ‘Zero Scan’ and ‘Off Scan’ events using retailer’s point of sale (POS) data streams. Zero scans calculated by taking into consideration the behavior of the SKU at the store in addition to seasonality and cyclicity |
| 3. | Pooled alerts from SKU-level analysis for prioritized action |
| 4. | Identifying Push Opportunity (Land Grab) alerts |
| 5. | Alert suppression based on business rules |
Capabilities
One-stop solution built to integrate with client environment easily – fetch data – build model – analyze – generate alerts
Benefits
Less than three weeks turnaround time for project implementation with plug and play methodology
Addresses both modern as well as traditional trade
User-friendly platform
Cover scenarios at store beyond current market standards (zero scans)
Benefits
Out-of-stock, zero-scan, and on-shelf anomaly scenarios being actively identified and alerted
Accurate out-of-stock prediction for Phantom Inventory
Generated alerts are prioritized to cover maximum opportunity across retailers enabling the merchandising team to act on alerts based on resource availability and budget
Flexibility to adapt to changing budgets, number of reps, and parameters to define alerts
Prioritization & suppression of alerts based on potential opportunity and business rules to maximize resource utilization
Benefits
On-site representatives get relevant and active high impact alerts
Merchandising team efforts are optimized to respond to alerts with limited budget and resources
Increased availability of on-shelf products lead to higher satisfaction and customer loyalty
VALUE CREATION
Acting on 3% OOS results in an overall revenue boost of 4%
100 alerts help cover lost opportunity ~$40K
30% reduction in the cost of acting on false alerts
FEATURES
Flexibility to Change Condition for alerts (OOS, OSA, and Zero Scan) – Customizable alert setting for the customer based on their business requirements
Phantom Inventory Estimation – Get insights into the phantom inventory for Modern trade stores with over 80% accuracy
Safety Stock Optimization – Recognize the safety stock of each SKU at the store level
Prioritizing Key Store-SKU – Tredence helps you identify the alerts for priority SKUs at a store level to optimize every dollar spent
Prioritized alerts – See what is important to you; we customize the alerts as per your requirements
MEET THE TEAM
Shashikiran PB
Principal – Supply Chain Practice Lead
Leadership experience in Business and Supply Chain Consulting, Product Management, Operations, and Analytics
Bhaskar Seetharam
Abhishek Singh