Intelligence in Inventory Management for Retail Business Group

The Inventory Stock Analysis Dashboard allows you to analyze product inventory and provides a comprehensive understanding of which products require attention. It offers users greater visibility into managing safety stock, maintaining optimal inventory levels, and optimizing inventory turn in real time. It also helps in serving detailed inventory levels, balance inventory on hand with open orders, and allocate necessary inventory to the right customers at the right time. Most importantly, ‘Availability of Stock’ and ‘Time to Replenish Stock’ can be predicted based on factors like Fulfillment Cycle and Markdown Variance. 

Challenges  

 Main challenges faced by retailers in Stock Management are : 

• Reordering the right stock, to help prevent stock outs, as well as surplus inventory 
• Excel based reports to manage and record various inventory statistics 
• Extra efforts and logistics to maintain inventory records. Lack of time and resources 
• Analyzing  average time to replenish goods 

Solution 

The solution provided by InfoCepts represents an Analysis of the stock inventory. It’s broadly categorized into Customer Views of Products & Product Inventory status with an option to select on basis of Category (e.g.  Men’s clothing, Women’s Clothing, Footwear, Accessories, etc.) and time period(Quarters).  Finally, the top 5 products under each category are clearly outlined. The dashboard also provides Stock Predictions based on Categories. At a high level, “Inventory Stock Analysis”  dashboard helps in- 

• Stock Ageing and Warehouse Analysis 
• Providing a comprehensive understanding of products that require attention and prevent out-of-stock instances 
• Offers users greater visibility into managing stocks safely, maintaining optimal inventory levels, and optimizing inventory turns in real-time
  
• Understanding high performance and low-performance indicators to take decisions, control losses and increase profit