AI Enhances US Retailer's Inventory Management – Quantzig

Quantzig, a global analytics and advisory firm, partnered with a prominent US retail company to tackle inventory challenges, enhance operational efficiency, and optimize their supply chain for modern retail demands. The company struggled with inventory balance across multiple locations, resulting in excess stocks and stockouts, leading to missed sales and higher carrying costs. Manual inventory processes hindered real-time insights.

Quantzig's AI experts collaborated with the client, implementing advanced algorithms to forecast demand accurately by analyzing historical sales data and market trends. AI-powered inventory management software enabled real-time tracking, offering instant visibility across locations. An AI-based algorithm achieved a balance between stock levels and demand forecasts, yielding a 30% reduction in excess inventory, 40% operational efficiency improvement, and 70% accuracy in demand forecasting.

More Information : https://www.techdogs.com/tech-news/pr-newswire/quantzig-helped-a-leading-us-based-retail-company-to-proactive-inventory-management-using-cutting-edge-ai

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