Higher product sell-through
Minimize inter-store transfers
Minimise the days of stock-on-hand
High availability of stocks at all channels
Improve customer satisfaction
Avoid stockout situations
In today’s complex retail business with omni-channel environment, it is vital that the stock allocation is done more efficiently. This is important because even if you have dozens of retail stores, the allocation of available inventory to any one of them can have a profound impact on overall sell-through rate and cost of inventory. But it’s not easier than said as it is affected by everything from the product assortment, ever changing customer’s buying pattern, economy, weather and future events. Too much inventory is costly while out-of-stock merchandise leads to loss of sales and customer. Through AI-driven models we not only forecast accurately but we automate the stock replenishment. The tool also allows you to customize the set of rules which are pre-built in our product, change weightage on selected parameters and add new parameters or rules for a selected region or category to manage the company’s objectives or any specific local events.
“Succeeding in today’s complex omni-channel environment means striving to achieve the perfect inventory allocation across multiple locations & channels at a time”
Our solution will be the ‘central intelligence’ of your inventory planning organization and helps pre-empt threats on your supply chain objectives. We don’t just replicate ideas; we are advancing supply chain thinking and helping you achieve extraordinary results.
Did you know that Amazon earns more than one-fifth of its North America retail revenue because local stores can’t forecast accurately? Forecasting is essential for retailers as it helps to improve both revenue and margins. Because if you’re carrying extra stock or don’t have enough to meet demand, you’re losing money either ways. It’s important to have an answer to below questions for better forecasting.
What grain should it be?
Top-down or bottom-up? Which is better?
Forecast the units or currency? Which is better?
How far into the future should I forecast?
Do I have enough quality data?
Data is everything, when looking into data everyone have their different prospective related to there skill and understanding but the data speak beyond. Fabi Analytics dig in data to see all kind of information.Sign up for Free Demo