Case Studies Optimized Fulfillment For Market Basket Analysis

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	Optimized Fulfillment For Market Basket Analysis

Optimized Fulfillment For Market Basket Analysis

Technology Category	Analytics & Modeling - Predictive Analytics Functional Applications - Inventory Management Systems Functional Applications - Warehouse Management Systems (WMS)
Applicable Industries	Consumer Goods Retail
Applicable Functions	Logistics & Transportation Warehouse & Inventory Management
Use Cases	Inventory Management Predictive Replenishment Supply Chain Visibility
Services	Data Science Services System Integration
Challenge	A leader in novelty gifts production and distribution was struggling to fulfill orders on-time while experiencing a higher amount of split shipments that increased their shipping costs. Due to a lack of visibility of available products in different warehouses, each warehouse had the wrong combination of SKUs and volumes of products. Read More
About Customer	The customer is a leading company in the production and distribution of novelty gifts. They have a large-scale operation with multiple warehouses distributed across various locations. The company has been facing significant challenges in managing their inventory and fulfilling orders on time. The lack of visibility into their inventory levels and the incorrect combination of SKUs in different warehouses have led to increased shipping costs and a higher number of split shipments. This has not only affected their operational efficiency but also their customer satisfaction levels. The company was in dire need of a solution that could provide real-time visibility into their inventory and help them optimize their fulfillment processes. Read More
Solution	ConverSight analyzed 24 months of demand to deliver market basket analysis and identify commonly sold goods by consumer & location. They provided real-time visibility into aging inventory levels of all products for optimized inventory management. Additionally, ConverSight produced key metrics and proactive insights on inventory for reduced inventory costs. This comprehensive approach allowed the company to better understand consumer purchasing patterns and accurately forecast product levels. By consolidating products across distributed warehouses, they were able to reduce shipments and improve on-time delivery. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Functional Applications - Inventory Management Systems

Functional Applications - Warehouse Management Systems (WMS)

Applicable Industries

Consumer Goods

Retail

Applicable Functions

Logistics & Transportation

Warehouse & Inventory Management

Use Cases

Inventory Management

Predictive Replenishment

Supply Chain Visibility

Services

Data Science Services

System Integration

Challenge

A leader in novelty gifts production and distribution was struggling to fulfill orders on-time while experiencing a higher amount of split shipments that increased their shipping costs. Due to a lack of visibility of available products in different warehouses, each warehouse had the wrong combination of SKUs and volumes of products.

About Customer

The customer is a leading company in the production and distribution of novelty gifts. They have a large-scale operation with multiple warehouses distributed across various locations. The company has been facing significant challenges in managing their inventory and fulfilling orders on time. The lack of visibility into their inventory levels and the incorrect combination of SKUs in different warehouses have led to increased shipping costs and a higher number of split shipments. This has not only affected their operational efficiency but also their customer satisfaction levels. The company was in dire need of a solution that could provide real-time visibility into their inventory and help them optimize their fulfillment processes.

Solution

ConverSight analyzed 24 months of demand to deliver market basket analysis and identify commonly sold goods by consumer & location. They provided real-time visibility into aging inventory levels of all products for optimized inventory management. Additionally, ConverSight produced key metrics and proactive insights on inventory for reduced inventory costs. This comprehensive approach allowed the company to better understand consumer purchasing patterns and accurately forecast product levels. By consolidating products across distributed warehouses, they were able to reduce shipments and improve on-time delivery.

Impact #1	Significant improvement in delivery times and reduction in shipment costs.
Impact #2	Visibility into buyer demand and trends to accurately forecast product levels.
Impact #3	Better understanding of consumer purchasing patterns to drive sales and promotion.

Impact #1

Significant improvement in delivery times and reduction in shipment costs.

Impact #2

Visibility into buyer demand and trends to accurately forecast product levels.

Impact #3

Better understanding of consumer purchasing patterns to drive sales and promotion.

Benefit #1	22% Increase in on-time deliveries.
Benefit #2	17% Reduction in split shipments.
Benefit #3	25% Decrease in monthly shipment costs.

Benefit #1

22% Increase in on-time deliveries.

Benefit #2

17% Reduction in split shipments.

Benefit #3

25% Decrease in monthly shipment costs.

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Overview

Optimized Fulfillment For Market Basket Analysis

Operational Impact

Quantitative Benefit