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

Sign in

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

3AI Digital Library

Real Time Inventory Management Using Rules Based Analytics

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

  • ML & Data Science Solutions: Build, Buy or Outsource?

    Data and analytics leaders increasingly believe that data science is a critical component of their analytics and business intelligence (BI) modernization plans, and are clamoring to incorporate new. Technologies such as predictive analytics, machine learning and deep neural nets sit at the Peak of Inflated Expectations on related Gartner Hype Cycle. While some degree of backlash […]

  • Data Governance: Three trends in 2021

    In 2021, the focus of financial services will be inclined to enable digital customer journeys as well as to sustain and grow revenue streams.   Actively governing data will make managing it more formalized thus making it more available, less complex to understand, and protect the customers’ data rights. Three principles and associated formalized dimensions […]

  • India’s answer to Dropbox and Google Drive: NITI Aayog’s DigiBoxx

    Homegrown data storage and management platform DigiBoxx has been launched by NITI Aayog and it will provide affordable services to both regular users as well as businesses. India now has its own cloud storage platform, DigiBoxx. A potential alternative to Google Drive, Dropbox, and Microsoft OneDrive, the indigenous cloud service is seen as a step that furthers the initiative […]

  • How AI is transforming Financial Services

    Since its inception, AI has experienced at least two major hype cycles with resulting winters of disillusionment. Although after the first “winter”, many financial firms deployed a number of successful applications, by the 1990s, AI went into its second winter of disillusionment as realization set in that these systems were harder and more costly to build and maintain […]