Publish date December 26, 2017
One of the biggest challenges of the manufacturing and retail industries is the huge inventory pile up of raw materials and finished products. Not only does a substantial amount of capital get blocked in the products but warehouses and storerooms built to store the inventory also add to the cost. Both over-stocking and under-stocking of inventory pose negative financial repercussions to the organization. In short, inventory, if not managed properly may affect the healthy growth of business and new business opportunities.
Why Do Companies Need Effective Inventory Modelling?
Inventory Modeling Solution by YASH
Using data science driven approach methodology, the YASH inventory modeling solution helps to manage inventory through advanced time series regression model and optimization techniques. The solution helps to correctly identify the critical factors that influence the inventory of an enterprise; thus, providing predictive intelligence on the production requirements to avoid the problem of inventory piling.
YASH inventory modeling solution follows a 3-phased approach in the form of Accumulation, Liquidation and Prevention.
For more insights on inventory modelling
Hemanth Kanakagiri- Solution Architect @YASH Technologies