Increasing accuracy in Inventory levels
Reducing difficulty in stock management
Increasing forecast inventory data
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.
Our client has been facing a number of challenges with its warehouse inventory management.
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:
A summary of current inventory levels, broken down by product category, brand, and SKU.
Calculation of inventory turnover ratio to assess how quickly products are moving through the warehouse.
Identification of stockouts and the associated impact on sales and customer satisfaction.
Forecasting future demand based on historical sales data and market trends, facilitating proactive inventory replenishment.
Visualization of stock movement patterns, including inbound and outbound shipments, transfers, and returns.
Evaluation of supplier performance based on metrics such as delivery accuracy and lead time.
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