Warehouse Wizards is a team project for the Temple University MIS 4596 Capstone Class. We have developed an app to distribute inventory to the most efficient warehouse in a multiple warehouse environment. The primary goal of our app is to improve shipping time and therefore hopefully have happier customers. Happier customers mean repeat purchases and better reviews.
2. THE PROBLEM
● Retailers such as QVC suffer from low warehouse utilization
● Shipping time increases and customer satisfaction drops as warehouses
remain empty
● Research shows that 87% of Americans consider shipping speed as a
key factor in online purchases
● Underutilized warehouses add unnecessary costs
4. OUR SOLUTION
● Mobile app for warehouse employees
● Shows ideal storage location for
inventory
● Users input product information
● App outputs recommended
warehouse to maximize efficiency
and minimize shipping time
5. SWOT Analysis
Strengths:
- Data-driven
- Totally customized to fit business
- Mobile application
Weaknesses:
- Easily replicated business model
- Potential for data breach
Opportunities:
- Growing customer expectations for
fast delivery
- Growing trust in data analytics
Threats:
- Growing price of necessary equipment
- Existence of other similar, internal
applications
6. MARKET ANALYSIS
Market - Warehouse Utilization/Inventory Management
Clients
● Online Retailers such as QVC
● Physical stores with product warehouses and delivery services
● Any company with inventory management/storage inefficiencies!
11. IMPLEMENTATION PLAN
How did we get here?
- 2017 Temple Analytics Challenge (QVC)
- Used QVC data to develop prototype through JustInMind
Phase 1 - Testing through QVC only
Phase 2 - Implement improvements based on feedback/financial results
Phase 3 - Expand application to other businesses
