Improved inventory management achieved by a leading oil and gas company through predictive modeling techniques

Business Challenge: Optimizing the inventory management process. The client wanted to optimize its inventory management through improvement in accuracy of demand forecasting. Situation: Constant issues with inventory management resulting in reduced customer satisfaction levels, and profitability. The client was facing constant issues like stock outs, large inventory levels, inaccurate lead times, and inaccurate demand forecasting. … Continue reading Improved inventory management achieved by a leading oil and gas company through predictive modeling techniques