Out of Stock Monitoring: $12MM+ Saved
THE PROBLEM
Out-of-stock (OOS) is a billion-dollar issue for retailers annually, and our client was not exempt. Our client struggled with stockout rates exceeding industry benchmarks, lacking the tools to identify and proactively address the underlying causes.
THE SOLUTION
Employing Snowflake, Alteryx, and Power BI, we streamlined the data analysis and prediction process.
THE RESULTS
A fully automated client deliverable was developed for daily stockout predictions across all distribution points, facilitating proactive management and highlighting recurring issues. Resluting in a category management that helpd an annual stockout cost reduction of $12.4M, boosting overall business by 1-2% without increasing spend in other areas. One strategic retail partner mentioned they saved $1M+ in potential stockout fees.
Below is a solo interactive dashboard from this case study. Have fun clicking into zip codes!