Retail Sector market analysis – How supply chain analytics solutions helped a retail firm to find optimize inventory levels
LONDON: Quantzig, a global analytics services provider, has recently completed their latest supply chain analytics solution for a retail firm. The global retail industry is witnessing an unprecedented growth with the rise in the global GDP, growing population, and increased consumer spending. With the recent economic recovery, retail stores are finding ways to offer convenience and authenticity to cater to the growing demands of the customer segments.
“The supply chain analytics solution offered by Quantzig helped the retail firm improve the forecasting capability to anticipate customer needs and build a reliable supply chain.” says an industry expert from Quantzig.
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The supply chain analytics solution offered by Quantzig helped the client to assess and identify the top performing suppliers based on the key performance indicators. Furthermore, they were also able to make on-time deliveries, accurate shipments, and process payments on time. Also, the client was able to understand the current state of their supply chain and recognize the risks associated with the supply in terms of purchasing overlaps and prices.
Additional Benefits of the Supply Chain Analytics Solution
- Help retail stores to fine-tune their existing supply chain
- Leverage predictive analytics and machine learning to maintain optimal inventory level
- Identify and anticipate changing customer needs to optimize the supply chain accordingly
- To know more, request a free proposal
To know more about how our supply chain analytics solution helped the retail client