Personal Care Retailer market analysis – How inventory optimization solutions helped a personal care product retailer to optimize the physical inventory levels
LONDON: Quantzig, a global analytics services provider, has recently completed their latest inventory optimization solution for a personal care product retailer. The growth of the personal care product segment has boosted the revenues of the retail sector. The rising consumption of personal care products can be owed to increasing emphasis on beautification and personal hygiene. Customers are demanding that the use of chemical substances in the product be reduced leading to increased R&D activities.
“The inventory optimization solution offered by Quantzig assisted the personal care retailer to accurately keep track of the products to better serve the customers. Through an effective inventory management solution, businesses can minimize inventory write-offs and overstocks and increase the overall supply chain efficiency.” says an industry expert from Quantzig.
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The inventory optimization solution assisted clients to efficiently track inventory levels with better visibility into the incoming and outbound delivery. By following industry best practices, the client was able to curtail data entry errors, increase productivity, and lower operational costs. Consequently, they were also able to reduce manual physical inventories and lost sales track due to inaccurate stock levels, inventory write-offs, and shrinkage.
Additional Benefits of the Inventory Optimization Solution
- Enable to keep track of inventory, orders, and vendors
- Implement industry best practices to reduce data entry errors
- Efficiently track inventory levels with better visibility into the incoming and outbound delivery
- To know more, request a free proposal
To know more about how our inventory optimization solution helped the personal care product retailer