Many businesses rely on cash flow to survive. Businesses might struggle to pay staff, pay debts, and even continue business if they don’t have enough cash. Unfortunately, excess inventory is a significant drain on working capital. If money is spent on inventory sitting in a warehouse with little or variable demand, it is being squandered on assets that will not create revenue anytime soon. Thus, enterprises must understand that to attain higher quality, cheaper costs, more efficient delivery, increased market share, and decreased company risk; a streamlined supply chain is a way to be. Inventory overstocking and understocking both have severe financial consequences for the company. If an inventory is not effectively managed, it can stifle corporate development and new business prospects.
Discover how you can achieve optimal inventory management with YASH Technologies
Effective inventory modeling holds power to lower a company’s operational costs drastically. However, many firms still utilize legacy inventory management systems and processes that have shortcomings in today’s increasingly globalized environment. The YASH Technologies inventory modeling system uses a data science-driven approach methodology to manage inventory using advanced time series regression models and optimization approaches. The solution aids in accurately identifying essential aspects that impact an enterprise’s inventory, hence offering predictive knowledge on production requirements to minimize inventory stacking.
- Enhanced Profit Margins
- Improved Time to Market
- Better Capital Utilization
- Improved Customer Service