From Stock Stress To Success: Transforming Warehouse Management With Data Analytics

Success Metrics: Real Results Happen With GetOnData

60X

Increasing accuracy in Inventory levels

45%

Reducing difficulty in stock management

50%

Increasing forecast inventory data

Objective

Our client has a complex supply chain that includes multiple warehouses and distribution centers. GetOnData investigates the implementation of inventory Analytics in a warehouse. The analysis utilizes a comprehensive dashboard created in Tableau, which provides valuable insights into inventory levels, demand patterns, and stock movement. By leveraging data-driven decision-making, the company was able to optimize inventory management, improve operational efficiency, and reduce costs.

The Challenges

Our client has been facing a number of challenges with its warehouse inventory management.

  • Struggling to keep track of its inventory levels.
  • Inventory calculation on top product turnover.
  • Facing the forecasting on historical inventory data.
  • Difficulty in managing current stock and values.
  • Struggling to keep track of its inventory levels.
  • Inventory calculation on top product turnover.
  • Facing the forecasting on historical inventory data.
  • Difficulty in managing current stock and values.

The Solutions

The dashboard provides real-time visibility into inventory levels, and it helps the company to identify and address potential problems before they impact customer service. The inventory management dashboard included various metrics and visualizations, including:

Inventory Overview

A summary of current inventory levels, broken down by product category, brand, and SKU.

Inventory Turnover

Calculation of inventory turnover ratio to assess how quickly products are moving through the warehouse.

Stockout Analysis

Identification of stockouts and the associated impact on sales and customer satisfaction.

Demand Forecasting

Forecasting future demand based on historical sales data and market trends, facilitating proactive inventory replenishment.

Stock Movement Analysis

Visualization of stock movement patterns, including inbound and outbound shipments, transfers, and returns.

Supplier Performance

Evaluation of supplier performance based on metrics such as delivery accuracy and lead time.

The Business Impact

  • By implementing Data analytics for inventory management through Tableau's comprehensive dashboard, the company successfully improved its warehouse inventory management.
  • The real-time insights provided by the dashboard enabled informed decision-making, resulting in optimal inventory levels, and improved customer service.
  • The company is now able to keep track of its inventory levels more accurately, and it is no longer out of stock on popular items.
  • By implementing Data analytics for inventory management through Tableau's comprehensive dashboard, the company successfully improved its warehouse inventory management.
  • The company is now able to keep track of its inventory levels more accurately, and it is no longer out of stock on popular items.
  • The real-time insights provided by the dashboard enabled informed decision-making, resulting in optimal inventory levels, and improved customer service.

Client’s Quote

We're beyond thrilled with GetOnData's innovative inventory analytics! The dashboard has revolutionized our supply chain, boosting inventory accuracy and simplifying stock management. With proactive forecasting, we're now one step ahead. This data-driven decision-making is a game-changer for operational efficiency. Thank you for empowering us with real-time, actionable insights!

Technology Stack