EDIX CASE STUDIES
EDIX enables a major retail
chain to reduce inventory holding
costs by 80% across all stores
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EDIX enables a major retail
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Challenges
Outdated inventory management practices proved inefficient in handling the complexity of numerous SKUs across a vast network of locations. These methods led to inaccuracies, resulting in frequent stock-outs of popular products, lost sales opportunities, and overstocking of slow-moving and perishable items that caused significant expenses.
- Significant revenue losses caused by inventory stock-outs
- Reactive inventory management leading to emergency restocking and high shipping costs
- High levels of inventory wastage & excess stock due to over-forecasting
- Inconsistent product freshness across locations, due to items being sold too close to their expiration dates.
EDIX Value Delivered
Delivered Capabilities
- Better consumption forecasting through internal & external data fusion
- Optimal balance of stock across all enterprise locations
- Revenue optimization with inventory stock-out simulation
- Optimized shipping costs with lower inventory transactions
- Risk-based SKU consumption forecast with confidence intervals
- Dynamic safety stock optimization through demand variability
- Cost optimization through wastage simulation
- Efficient reorder & receipt points with lead time prediction
Replaced Processes
- Better consumption forecasting through internal & external data fusion
- Optimal balance of stock across all enterprise locations
- Revenue optimization with inventory stock-out simulation
Impact
-
400%
Improvement to Sell-through Rate
-
80%
Reduction in Stock Wastage and Expiration Costs
Customer Benefits
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Increased Product Availability
Ensure that the right products are in stock when customers need them, reducing out-of-stock situations and improving customer satisfaction.
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Lower Inventory Holding Costs
Reduce excess stock and associated carrying costs, such as product wastage or expiration, which translate into cost savings for the enterprise.
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Better Product Quality
Maintain product freshness and quality, improving sell-through rate and ensuring customers receive high-quality products.
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Signficant Time Savings
Reduce the time spent on manual inventory tasks, allowing managers to focus more on customer service and store operations.
