Live view of out of stock risk, inventory shortages/overages, channel insight, retail KPI’s, OTIF, lead times and more
Real-time inventory and demand visibility
Manage by Exceptions
Prioritize. Act now
Monitor. Predict. Optimize
OpsVeda app for Channel/Retail Intelligence tracks demand signals from internal data, partner systems, on hand/ on shelf inventory, and supply situations to assess sales, inventory and coverage levels at various locations. Any excess or shortage is instantly flagged and action for maximizing revenue/profits is prescribed.
Channel and Retail Intelligence
Key Benefits
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Increase prices and sales
Monitor demand signals from online, sensor, and offline channels to reduce out-of-stock events, as well as distress sales.
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Improve customer loyalty
Make buying simpler for customers through intelligent purchase suggestions, in addition to real-time visibility across the supply chain.
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Reduce penalties
Optimize shipments to fulfill fill-rate commitments and meet deadlines.
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Reduce shrinkage
Reduce spoilage, distress sales, and other wastage.
Process
BUSINESS REALITY
- Volatile demand
- Waning brand loyalty
- Powerful retail partners
- Growth of specialized store chains
OPERATIONAL CHALLENGES
- Inventory at the wrong locations
- Creating “wow” through omni-channel
- Margin erosion due to lack of fill-rate and timeliness compliance
- Increased restrictions on product sourcing and freshness
THE OPSVEDA SOLUTION
- Re-balancing alerts based on user defined rules with signals from IoT, online and offline channels
- Prescriptive inventory placements taking into account cross-channel interactions
- Intelligent order confirmation with time-phased fill-rates
- Flexible rule driven fulfillment alerts to reduce non-compliance
