APPROACH
Collated data and integrated discrete systems to collect actionable information in a dashboard.
Identified underperforming inventory using various KPIs such as inventory turns, sales velocity etc.
Recommended right mix of SKUs based on ABC analysis and suggested the inventory norms.
Created a single platform for all users which is capable to:
- Track underperforming inventory across different stakeholders (Network/warehouse)
- Track whether corrective actions are taken to rationalize the underperformers across all departments
KEY BENEFITS
- The warehouse inventory was stocked with the correct mix of SKUs in the right quantity
- With the redistributed inventory, the underperforming stock was reduced for better utilization of the storage space and capital
- Dashboard integration of data provided better visibility of the inventory state and gave actionable insights
RESULTS
- The client was able to fix 30% of the total leakage in revenue by optimizing the movement of inventory and addressing the underperforming inventory