- Consumer Goods & Retail
Transforming Inventory Management: How STATXO Empowered a Fashion Retail Chain with Real-Time Analytics
Challenge
A leading Fashion retail chain faced significant operational and planning challenges in optimizing its assortment and minimizing inventory costs. Manual data extraction, the absence of advanced forecasting tools, and difficulties in assessing SKU-level demand hindered efficient inventory management. The client sought real-time insights for category and product managers to address intermittent demand and assortment instability
Solution
With a vision to transform demand planning and inventory management, STATXO developed a Cloud Analytics platform tailored to the client’s needs. This platform empowered category and product managers with real-time insights, enabling them to optimize stock levels, plan distribution effectively, and track key product sales KPIs. The solution included six key analyses:
– Demand & Supply Pattern Analysis
– Product Lifecycle Analysis
– Product Affinity Analysis
– Store Segmentation
– Demand Forecasting
– Inventory Planning & Optimization
Testimonial
“STATXO’s expertise has brought a remarkable shift in our operations and planning. They understood our challenges and delivered tailored strategies to optimize our assortment and reduce inventory costs. Their approach to addressing intermittent demand and assortment instability has streamlined our inventory management and boosted sales. We appreciate their partnership and the positive impact on our business.” – Senior Manager, Sales EMEA
Overview
STATXO transformed a Fashion retailer's inventory management with a custom Cloud Analytics platform.
Impact
STATXO’s Cloud Analytics platform transformed the client’s inventory management processes. By providing forward-looking insights and a holistic understanding of demand patterns, product lifecycles, and store characteristics, the client minimized inventory costs and maximized sales. Real-time analytics enabled category managers to make informed decisions, enhancing sales performance and achieving operational excellence across the retail chain.
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