"Optimize inventory turnover for higher retail margins."
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Updated 3 Days Ago
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3 Advocates
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2 Verified Clients
Nutshell
OneBeat helps retailers move inventory efficiently by analyzing location-specific sales data. It aligns stock levels with real-time consumer demand, shifting products swiftly to where they're needed. This approach minimizes markdowns and stockouts, ensuring stores maintain a profitable merchandise mix without overstocking.
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Obebeat's Website Claims...
A summary of the claims made on Obebeat's website as noticed by our bot, Vinny.
AI-powered inventory optimization
Onebeat claims that their AI analyzes demand, supply chain, and logistics to ensure stores have the right SKUs, boosting sales.
Real-time demand adaptation
Onebeat claims that they help stores adapt in real-time to sell more and waste less, improving margins significantly.
Significant inventory reductions
Onebeat claims that their system can reduce permanent inventory while increasing sales, as evidenced by client success stories.
Case Studies
Onebeat optimized Grand Cru's inventory; increased efficiency, reduced shortages.
20%
Inventory Decline
50%
Shortage Reduction
Situation
High Inventory Due to Inefficiencies
→
Over 1,000 wine SKUs managed
→
Ineffective SKU and FIFO management
→
Customer complaints about stock availability
Grand Cru, one of the largest wine import and distribution companies in Latin America, was grappling with significant inventory management issues. They had an assortment of more than 1,000 wines, each with different demand profiles across various stores and regions. The company was struggling due to ineffective SKU management and FIFO processes, leading to wine oxidation issues and inconsistent stock availability. Customers complained about the unavailability of products in certain stores, even when those products were available elsewhere in the retail chain.
Task
Implement Inventory Management Solution
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Apply Onebeat’s advanced solutions
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Ensure effective inventory-demand synchronization
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Reduce overstock and improve availability
Onebeat was tasked with resolving these issues by implementing their advanced inventory management solutions for Grand Cru. The goal was to achieve better synchronization of inventory and demand, ensuring product availability while reducing excess stock. This required streamlining complex operational processes involving multiple SKUs and integrating advanced technology that could handle the intricacies of Grand Cru's diverse wine portfolio. The solution needed to address both product shortages and overstocking, contributing to greater customer satisfaction and reducing wastage.
Action
Onebeat’s Solution Transformed Operations
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Automated operations for efficiency
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Enabled focus on customer service
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Improved planning and execution capabilities
Once Onebeat’s solution was applied, operations within Grand Cru were significantly transformed. The system provided automation that simplified processes both at the store level and headquarters, eliminating the need for manual management of numbers. This allowed managers to concentrate on enhancing customer service instead of getting bogged down by backend operations. The platform's end-to-end planning and execution capabilities provided the necessary infrastructure to manage diverse demand profiles and improve the overall efficiency of wine distribution across the company's network.
Result
Significant Decline in Inventory Levels
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20% reduction in inventory levels
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50% decrease in product shortages
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Enhanced operational and customer efficiency
The application of Onebeat's solutions resulted in measurable improvements after just three months. Grand Cru realized a 20% reduction in their overall inventory levels and a remarkable 50% reduction in shortages. These improvements led to a more efficient supply chain, significantly enhancing operational effectiveness and customer satisfaction. The ability to maintain optimal stock levels without overstocking has alleviated prior inefficiencies, leading to better product availability across all of Grand Cru’s stores.
Keywords
INVENTORY MANAGEMENT
SUPPLY CHAIN EFFICIENCY
SKU MANAGEMENT
FIFO PROCESSES
WINE DISTRIBUTION
ONEBEAT SOLUTIONS
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