Optimize your inventory management with AI like never before. Our AI solution ensures you have the right products in the right place at the right time, minimizing inventory costs and keeping your customers happy.
AI helps you fill stocks based on the customers’ current and future demand, to avoid overstocking or understocking situations.
Keep your safety stock ready with sufficient quantity of products to meet the unexpected rise in demand with AI.
Instead of ordering stocks on the gut feelings, make smart decisions on what to order, when to order and how much to order.
With products always available on the shelf, meet SLAs and customers’ demand on time, every time.
AI Reduced Inventory Cost from $25 Million to $9 Million for a Global Manufacturer
About Our Client
Our client is known for their reliable and high-performing trucks, buses, and passenger vehicles. With 100+ warehouses in different regions of the country, they fulfill the need of spare parts to service centers and fleets worldwide.
The Need
Our client follows strict SLAs to meet each and every customer’s needs on time. However, the biggest challenge in meeting those SLAs occurred when they could not track products running out of the shelf and those in excess quantity. To avoid this situation, they purchase spare parts in advance, even those not in demand making it hard to sell them out. As a result, their inventory cost reached $25 million while delivery commitments were still not met.
Our Solution
Softude developed an AI solution for inventory optimization. It works on past transactional and historical data, analyzes consumers’ purchasing habits and market trends to identify the future demand of each spare part. Through predictive analytics, it also tells when to re-fill the shelves, and which spare part is wasting their inventory space.
Benefits
Our experts can craft the perfect solution for your business. Just let us know, and we'll make it work for you!
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