To improve sales and cut costs by:
- Using data science to refine appropriate inventory replenishment models
- Addressing the issues that were leading to stock outs and overstock problems
- Creating a better in-stock customer experience
Improve inventory management system by:
- Analyzing historical and current data in search of a new data-driven approach
- Creating a new strategy and algorithms based on historical demand patterns and science that can be used within the current technology
Impact on client's business
- The company is on track to increase sales by ten percent.
- At the same time, it can reduce inventory by ten percent, enjoying significant cost savings.
- The company is able to apply advanced analytics techniques without needing to purchase new hardware or software