Managing inventory effectively is vital for the success of a consumer goods company. The availability of high-speed internet and smartphone utilities has encouraged customers to use these online and mobile shopping channels extensively. The implementation of multiple touchpoints and purchase channels for the customers make inventory management more challenging than it has ever been.

Predictive analysis is a must to accurately predict and maintain optimal inventory levels for each product. This has a positive impact on the entire supply chain and reduces costs significantly.

You can make classic demand and supply analysis precisely by including factors like safety stock level, shelf lives of the products, lead time and cycle time, segment behavior, and margins. Analytics solutions provide comprehensive ERP data and insight into the sales pipeline to achieve these goals. Reduced occasions of overstocking and understocking reduce the cost and enhance the bottom line.