Data is the new oil. The value in this overused term is in the fact that with the right use of existing data, brands can create a platform to optimise their operational efforts in the areas of inventory handling such as:

• Assortment Planning and shelf storage
• Product placement /Arrangement
• Optimisation of slow-moving product
• The minimum cost of the average on-hand inventory
• Safety stocks level prediction
• Build Contingencies for pipeline inventory

Brand Benefits:

• Improve profitability by liberating the working capital.
• Significant reduction in the cost of acquiring, holding and shipping stock.
• Introduce brands to new fulfilment methods, like cross-docking and alternative courier selection which can further diminish expenses.