Automated Inventory Management System Implementation
Project Info:
Implemented an Inventory Management System for the largest retail company,
automating supplier orders and optimizing stock levels across stores and warehouses.
Challenge:
The company faced manual stock replenishment processes, leading to inefficient
ordering, excess inventory, and frequent stockouts. This resulted in high carrying costs
in warehouses and overstocked stores with slow-moving goods.
Solution:
Implemented an automated supplier order system that dynamically adjusts
replenishment based on demand forecasting and real-time stock levels.
Integrated warehouse and store inventory data, ensuring optimal stock
distribution.
Applied smart stock replenishment rules, reducing excess inventory and avoiding
stockouts.
Result:
- Days of stock reduced by 30% in warehouses and 25% in stores
- Stockout rate decreased by 40%, improving customer satisfaction
- Shelf availability improved to 98%
- Inventory team workload reduced by 50%, enabling a shift to strategic tasks, reducing errors and manual corrections
- Significantly improving working capital and cash flow