StockWise is a real time analytics app that accurately predicts what, when and how much stock in your inventory you should reduce or replenish, in order to increase sales, maximise profit, minimise slow or dead stock and eliminate stockouts. It uses a powerful number crunching technology that can tackle the scale, complexity and frequency of computation associated with supply chain inventory management.
The 15 Minute Breakdown: 2024 Beauty Marketing Study
StockWise | Real-time predictive analytics app for inventory management
1. Align Inventory
with Real-time
Demand
Source: * IHL’s new research, Retailers and the Ghost Economy
7 days historical data is all that is needed to
get started
Inventory Insights
Predictive. Actionable. On Demand.
A lapse in inventory management can result in
customer dissatisfaction and monetary loss to
the retailer. It is estimated that globally the
revenue loss to retailers is $1.1 trillion annually
due to inventory distortion*.
With millions of SKUs in stock, ensuring
availability of the right product in the right place
at the right time can be a challenge. While point
of sale or inventory management softwares allow
a retailer to capture sales data and inventory
movement, it may not provide real-time insights.
The StockWise Promise:
Higher Inventory Turn
• Reduction in working capital
• Increased sales though improved availability
• Cost savings through reduction of purchase
• Transparency across the supply chain
• Better Decisions, Faster
Key Features
• Advanced predictive algorithms
• Real-time stock shuffling recommendations
• Everyday dynamic prediction at granular level
• Daily actionable dashboard
• Non-intrusive solution and easy integration
with any ERP
• Mobility
• What-If analysis
Business Challenges
• Stock out & excess stock are most
common issues faced in retail
• Businesses are unable to meet customer
demand, resulting in lost sales and
reduced customer satisfaction, due to
stock-out
• Working capital is locked in excess stock,
adversely affecting profitability
• The effects on the business range from
lost customers to store closures
2. 50% REDUCTION IN INVENTORY
FOR A LEADING MOBILE STORE
CHAIN.
INCREASED SALES BY 15% FOR A
GROCERY CHAIN.
REDUCED PURCHASE BY 10% FOR
A PHARMACY RETAIL CHAIN.
sales@retigence.com+91-8042274462 www.retigence.com
What we have achieved
Increased sales though improved availability
StockWise provides daily insight of stock (on hand) and stock outs, how
much to order and possible loss of sale, which leads to better availability of
stock. Better availability of stock results in enhanced sales and customer
satisfaction.
Reduction in working capital
StockWise identifies excess inventory across the supply chain and
recommends reshuffling of stock, providing the exact quantity at store
and SKU level. This reshuffling helps the retailer reduce wastage and
earn more.
Visibility across the supply chain
StockWise provides a single view of data across the hierarchy and ensures
complete transparency which can result in streamlined remedial action.
Mobility
Real-time, actionable insights are available to all, with choice of
device like Mobile, Tablet or PC.
Better Decisions, Faster
The StockWise Predictive Analytics Engine provides, real-time analytics and
insights into daily stock at the store, right down to the SKU level. Inventory
levels are monitored and re-order levels adjusted in real-time. Improved
sale by stocking the right SKU’s in the right quantity in the right place. The
precise and continuous visibility helps retailers in quick decision-making.
Easy Integration
Easy integration with SAP, JDA, Oracle or any other EPR with a CSV data
file which can be immediately fed into the ERP system to adjust
reorder levels.
Transparency across the Supply Chain
StockWise helps to quantify excess inventory in real-time, pre-empts
stock outs while pointing out optimum re-order quantity levels and
how much to order at all levels of the supply chain.