Inventory Optimization Using AI in Retail
Country: United States
Industry: Retail
Products and Services: Azure AI, Inventory Insights, Power BI
At a Glance
TrendMart wanted to improve stock turnover. Think AI implemented an AI solution that optimized inventory replenishment, reducing overstock and stockouts by 30%.
Business Need
Inconsistent inventory levels led to both lost sales and excess stock.
Solution
Think AI applied AI-based demand forecasting and stock optimization algorithms across retail locations.
Outcome
30% reduction in stockouts, 25% decrease in overstock, and improved turnover ratio.