Goal
๏Improve stock management and automating the demand forecasting process.
๏Manage the inventory levels of products:
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Reduce the out-of-stocks and out-of-date stocks by optimizing inventory levels.
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Take into consideration variability in products, processes and demand to decide optimal inventory and re-order quantities.
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Minimize stored stocks and missed sales.
Approach
An innovative approach based on Reinforcement Learning.
Results
๏Out of stock reduction (around 12%).
๏Out of date reduction (around 15%).
๏Better Cash Flow (loss reduction of around 10% per year).
