Inventory Optimization

Never again under or overstock

Retail inventory management isn’t fun. Although retail inventory management is the last thing you ever want to do, it can make or break your business. Walmart lost $3 billion in 2013 because they were constantly out of stock. – Forbes

Business Driver

Inventory drives cost, especially for highly perishable and large items. The latest methods can accurately predict customer needs and reduce unnecessary inventory, driving a direct effect on the bottom line.

Data Needed
  • Data on sales (number of units per item per store of product and similar products) at highest possible frequency
  • Data on inventory capacities and distributors’ flexibility.
  • List of optimal inventory stock per item per store in time

Methods Used
  • Panel Regression
  • Dynamic Regressions
  • Artificial Neural Network

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InsightOut Analytics

InsightOut Analytics is a consulting firm for Data Science, Machine Learning & AI.

We develop complete business solutions which enable our clients to stay competitive in their industries by taking data-driven decisions.

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