India's largest platform for AI & Analytics leaders & professionals

Sign in

India's largest platform for AI & Analytics leaders & professionals
Become a Thought Leader
Become a 3AI Member

Sign in

3AI Digital Library

< Go Back

Real Time Inventory Management Using Rules Based Analytics

3AI November 4, 2020

Large US based health and wellness products company

Problem Statement

Legacy systems need to be replaced to aid faster delivery cycles, meeting higher %age of SLAs, and real time business view in supply chain management. Client wants to Optimize the new inventory and ordering platform based on different metrics and to bring it in sync with the legacy system

Solution Approach

  • Order Data

  • Inventory Data

  • Model Dataset

  • Dashboard

  • Root Cause Analysis

  • Rule Based Approach


Business Impact

  • Automated order alerting mechanism based on set of rules

  • Fine tuning different metrics like safety stock holding, optimized inventory stock, economic ordering and presentation quality

  • Real time Unified business View Of All Stores

Critical Success Factors

  • Better Inventory Optimization
  • Better Order Management
  • Capture trends of stores on real time and take action

    3AI Trending Articles

  • Future Proofing GCCs

    For a while now, India has been driving back-office functions for some of the large enterprises across the world. However, over the past few years, it has taken giant strides towards becoming the innovation hub of the world, by adding strategic value to multi-billion-dollar businesses from around the world, through Global Capability Centres (GCCs) based […]

  • Daimler India opens new GCC

    Daimler India Commercial Vehicles (DICV) has opened a new Global Capability Centre in Chennai with 165 seats to meet growing demand for Indian-based shared services. Spread over 20,000 sq.ft., the facility is designed to house the company’s ‘shared services’ business stream. Shared services refers to the various services DICV exports to other Daimler entities around […]

  • Amazon, Microsoft, Google: Platform of choice for European cloud services

    Amazon Web Services (AWS), Microsoft, and Google are continuing to blot out European service providers as the platform of choice for European cloud services, according to a new report from Synergy Research Group. The report found that while the European cloud market has more than tripled over the past three years, European service providers have seen their […]

  • RBI provides new set of guidelines for the Digital Banking and Payments ecosystem

    The master direction on digital payment security controls, released last week, casts a wide net. The skyrocketing of online transactions in the country—Covid-19 has provided no small impetus, with the amount transacted via UPI doubling in January 2021, at Rs 4.3 lakh crore, from lasts year’s Rs 2.1 lakh crore—calls for fortifying cybersecurity in the […]