reduction in inventory holding and 9% reduction in discounts, contained the revenue de-growth
improvement in health of inventory
increase in sales at receiving stores through Inter-store transfers
fill rate maintained in top categories
correction in brokenness of fresh merchandise via IST prevented loss of sales
health in stock maintained at the end of season via ARS
inventory health(previously 70%)ensured better conversion
One of India’s leading formal wear brands used Iris X to manage inventory across multiple sales channels. By predicting the size wise demand at store category level for discounting season and fresh season launch, it helped maintain healthier inventory at stores with on-time replenishment to contain revenue degrowth. In case of the non-availability of a top seller style, the system suggested attribute group mapping to replace it with the closest possible style. Auto replenishment was set up for daily dispatches to maintain lean inventory at the store as per demand.
To increase sales velocity by maintaining healthier and lesser inventory at stores with on time replenishment for one of the leading men’s formal wear brands in India.
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