Solution A Recipe For Inventory Optimization Our solution followed a structured approach and comprised of three phases:
The first phase involved defining data requirements, exploring data sets, and conducting initial inventory and forecast analysis. Secondly, the team consolidated data from various sources, extensively analyzed forecast accuracy, demand patterns, highest revenue SKUs, and inventory costs, identified opportunities for improvement, and did an error analysis. In the final phase, the team constructed inventory models, automated data pipelines, and meticulously documented the entire process before handing it over to our client’s internal analytics team. These phases collectively drove the successful implementation of a data-driven inventory optimization solution.
© 2023 Fractal Analytics Inc. All rights reserved
4
Made with FlippingBook - PDF hosting