Nisum implemented new supply chain features that improved inventory flow and visibility.
New supply chain features improved inventory flow, resulting in:
+50 basis points
|
~30%
|
2x
|
A Fortune 500 retail client had no real-time visibility to track the fulfillment process and online out-of-stock inventory that was available in store but unavailable for shipping, and they also had increased technology costs associated with stores opening and closing, leading to:
Loss of revenue
Frustrated customers from poor customer experience
Increased inventory management costs
Increased data related costs with opening new stores instead of re-opening existing stores
Nisum implemented multiple features in the supply chain, achieved by:
Building a near-real-time end-to-end supply chain view focused on estimating the inventory demand across all digital and physical retail touchpoints, using:
Power BI (a tool used to create reports and dashboards) for the view UI and Spring Boot and Azure SQL database on the backend, along with Azure tools
Providing customers with an alternate option when items are out of stock by analyzing the data of each day
Providing better inventory visibility and management to identify the right products to be stocked at the right store at the right time period
Re-using the operational location numbers of the closed stores to another location without breaking online, retail, and Omni BI applications (reads, analyzes, and reports multi-channel data)
Feel free to contact us for more information on how Nisum can drive results for your company.