OPTIMIZING INVENTORY MANAGEMENT FOR
A LEADING CONSUMER PRODUCTS COMPANY
SOLUTION
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Inventory Optimization System
RESULTS
80% Time Savings
VERTICAL
Retail
TECH USED
Perceptivity
IDP
Data Lab
CORE THEMES
Automation in
Inventory Processes
Predictive Analytics
and Forecasting
Enhanced Resource
Management
Strategic Business
Transformation
ENGAGE WITH US
DISCOVER HOW
BEAR COGNITION
CAN TRANSFORM
YOUR DATA INTO A
STRATEGIC ASSET.
CLIENT CHALLENGE
A prominent consumer products company faced a major bottleneck in its daily operations due to the extensive manual manipulation of Electronic Data Interchange (EDI) reports. The process required removing subtotals, updating pivot tables, verifying costs, and manually entering order quantities into an allocation sheet. This labor-intensive workflow consumed 90% of the Inventory Analyst’s workweek, severely limiting efficiency and increasing the risk of human error. The client needed a streamlined, automated solution to enhance order accuracy, improve costing verification, and optimize inventory forecasting.
OUR SOLUTION
Bear Cognition developed an advanced Inventory Optimization System to drive efficiency and accuracy, incorporating:
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Predictive Analytics Excellence: Our platform leveraged AI/ML-driven predictive forecasting to analyze historical and current order trends, enabling forward-thinking decision-making.
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Advanced Data Visualization: Tailored dashboards and user-friendly input areas within Perceptivity streamline the client’s interactions with data, significantly reducing manual data handling.
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AI-Enhanced IDP Analysis: This feature utilizes our AI-powered Intelligent Document Processing solution to accurately read and process open Purchase Orders and incoming receipts with the ability to edit and teach the ML process to always be improving.
RESULTS
The Inventory Optimization System reduced spreadsheet management time from nearly a full workweek to less than a day, allowing the client to reclaim valuable hours for higher-level strategy and decision-making. This efficiency sharpened order accuracy, streamlined cost verification, and empowered better forecasting, ultimately enhancing the company's ability to meet demand with precision. By automating key workflows and leveraging AI for real-time insights, the system transformed the client’s operations into a data-driven, agile process.
TECHNOLOGY BEHIND THE SUCCESS
The backbone of this solution is our proprietary Intelligent Document Processing solution combined with our custom data integration system. These technologies, developed by our in-house Data Lab, process complex data with high accuracy, supported by AI and ML algorithms that adapt and learn from ongoing operations to continually refine forecasting and decision-making processes. Our custom UI, Perceptivity, allows clients to seamlessly view data and forecasts, enhancing their ability to make informed decisions based on real-time insights and predictive analytics.
TRANSFORM YOUR BUSINESS
With Bear Cognition’s Inventory Optimization System, streamline your operations and enhance order accuracy. Our cutting-edge technology, combined with hands-on collaboration through our Software with a Service (SwaS) model, ensures tailored solutions that drive efficiency and profitability, keeping you at the forefront of operational excellence.
ADDITIONAL USE CASES
RETAIL
Merchandise Planning
and Allocation
Adapt the system to forecast demand and optimize merchandise allocation across retail outlets, enhancing the accuracy of inventory distribution and minimizing overstock situations.
E-commerce Fulfillment
Optimization
Use predictive analytics to enhance e-commerce operations by predicting order volumes and optimizing stock levels at fulfillment centers, improving
delivery times and customer satisfaction.
MANUFACTURING
Raw Material Inventory
Control
Utilize the system to forecast the need for raw materials based on production schedules and historical consumption patterns, ensuring continuous production without interruptions due to material shortages.
Finished Goods
Management
Apply AI-driven forecasting to manage inventories of finished products, optimizing storage costs and reducing time-to-market for manufactured goods.
FOOD AND BEVERAGE INDUSTRY
Perishable Goods
Management
Implement predictive analytics to manage the inventory of perishable goods, predicting optimal reorder times and quantities to reduce spoilage and waste.
Supply and Demand
Forecasting
Use AI and ML algorithms to predict fluctuations in demand based on seasonal trends, promotional campaigns, and changing consumer preferences.
LOGISTICS AND DISTRIBUTION
Warehouse Space
Optimization
Use the system to predict and manage warehouse space requirements based on incoming and outgoing goods, optimizing space utilization and reducing costs.
Transportation Logistics
Planning
Implement predictive models to plan and optimize transportation schedules, reducing delays and increasing efficiency in the logistics chain.
4401 Belle Oaks Dr., Ste 240, N Charleston, SC 29405 | 800.659.9177