Inventory and Demand Forecasting in Consumer Goods
Client Overview:
A consumer goods company producing laundry and home care products facing stockouts and overstock issues due to fluctuating demand.Objectives:
Improve inventory management and demand forecasting.Solution:
• Developed a supply chain dashboard integrating demand forecasts, sales data, and inventory levels.• Implemented AI-driven forecasting models to predict seasonal demand spikes.
• Automated reorder thresholds for raw materials and finished goods.
Results:
• Reduced stockouts by 30% during peak seasons.• Cut inventory carrying costs by 25%, freeing up $1.5 million in working capital.
• Key Takeaways: Enhanced visibility into demand trends optimized inventory levels and boosted customer satisfaction.