Our client was retail chain with +1000 stores.
We achieved the stock reduction by:
- deploying the proprietary Big Data ETL for
– acquiring the 5 years of all client stores’ related data
– smart data audit and cleaning
– creating data that client did not have previously (days since last sales, etc.) - developing cutting edge analytics for
– forecasting future sales
– identifying problematic items - creating smart algorithms based on previously developed analytics for
– stores’ replenishment
– inventory audits
– assortment changes - implementing algorithms with employees in order to
– reduce shipments to stores and necessary
– returning “dead” items
– replacing slow sellers in store assortment with fast turnover and higher margin items - implementing smart algorithm for maintaining the optimal replenishment and assortment as well as monitoring all items in stores
If you want to improve your cash flow by reducing inventory levels ask us about our experience and results in stock reduction projects.