HOW TO REDUCE INVENTORY
Reduce inventory costs
Inventory management based on data analysis can significantly increase inventory turnover rate, reduce excess inventory of unsupplied products and emergency orders, optimize the assortment of raw or semi-processed materials based on product seasonality, improve customer service and much more.
Forecasting based on traditional and conventional warehouse management strategies does not lead to accurate results. Managers and entrepreneurs often have to build reports manually and interpret them according to their knowledge and experience.
The modern technologies and knowledge accumulated in predictive analytics allow you to process a wide range of business data, related to products, suppliers and customers, and to make accurate predictions for your business needs.
Genialcloud allows you to get automated recommendations to solve the most vital problems in warehouse management.