Delivering Impactful Results with GetOnData’s Expertise
60 X
Increasing accuracy in Inventory levels
45 %
Reducing difficulty in stock management
50 %
Increasing forecast inventory data
The Objective: Streamlining Warehouse Processes with Data Analytics
Our client operates a complex supply chain with multiple warehouses and distribution centers, making inventory management a critical challenge. With fluctuating demand and increasing storage costs, our client needed a predictive analytics-driven approach to inventory optimization. Further, it was also required to streamline warehouse management systems (WMS) operation using inventory analytics.
Major Challenges During Project
Smart Solutions for Enhancing Warehouse Operations Through Data Analytics
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.
Empowering Growth With Tangible Business Value
Optimized Inventory Management Efficiency
By implementing Data analytics for inventory management through Tableau's comprehensive dashboard, the company successfully improved its warehouse inventory management.
Real-Time Decision Insights
The real-time insights provided by the dashboard enabled informed decision-making, resulting in optimal inventory levels, and improved customer service.
Accurate Inventory Tracking
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.
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!
