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

Sign in

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

3AI Digital Library

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

  • A Paradigm Shift in Management Education Powered by Large Language Models

    Featured Article: Author:  Dr. Tuhin Chattopadhyay, Professor, Jagdish Sheth School of Management, Bengaluru, India, Founder & CEO, Tuhin AI Advisory, Abstract. The paper explores the potential of large language models in transforming management education. The paper first introduces the concept of large language models and explains how they work. Subsequently, the paper explores the different […]

  • The Impact of AI on Global Economy: Trends and Initiatives to Shape the Future

    Featured Article: Author: Princy Gupta, Data Analytics Leader, Honeywell Artificial Intelligence (AI) is revolutionizing the global economy, providing unprecedented opportunities for businesses and governments to thrive in the age of data. According to McKinsey’s latest report, AI is projected to contribute $13 trillion to the global economy by 2030, a figure equivalent to the output […]

  • BigBasket sues a bootstrapped startup Daily Basket for using the word basket in its name

    Founder of Daily Basket Ramesh Vel has launched a website – “bbisabully”, calling out the billion dollar startup. Vel wrote on the website that BigBasket is fighting with a mere two person startup and said that it doesn’t have the ‘mighty power & money’ BigBasket has. BigBasket sent Daily Basket a cease and desist letter, […]

  • What CIOs can learn from the first 30 days of an AI Copilot

    Featured Article Author: Koyelia Ghosh Roy, EXL Copilot is a buzzword now with almost all assistive solutions being tagged with them. However, it is the most in-demand solution in today’s era, helping from simple automation of mundane tasks like O365 CoPilot or very sophisticated, customized solutions for specialized tasks like data analysis using database agents […]