Revolutionizing Inventory Management with AI: OrangeMantra's Automated Solution
Overview
OrangeMantra’s client, a leading retail chain based in Bangalore, faced significant challenges in managing their extensive inventory efficiently. The rapidly growing business struggled with issues such as inventory accuracy, stock-outs, overstocking, and delayed responses to market trends. Seeking a transformation in solution, the client approached OrangeMantra with the vision of leveraging AI to revolutionize their inventory management.
Retail & FMCG
AI/IoT/Emerging Tech
Our Process
Our AI-powered inventory management system introduced a robust technical framework. Utilizing RFID tags and sensors, we achieved a 98% real-time inventory tracking accuracy, reducing errors and optimizing stock levels. Machine learning algorithms improved demand forecasting precision by 30%. Automation reduced operational workload by 45%, enhancing overall efficiency. A user-friendly dashboard streamlined decision-making and response times to market dynamics. This AI-driven solution elevated our client’s technical capabilities in inventory management.
Client Requirements
Our team conducted in-depth consultations with the client to address their specific pain points and objectives. Collaborated with the client’s team to identify key performance indicators (KPIs) for success.
Framework Design
Defined a comprehensive technical framework for the AI-powered inventory system. Applied RFID tags and sensors as the primary tools for performing real-time inventory tracking.
Inventory Management
Performed automation of key inventory management processes to lower operational workload by significant margin. Implemented automated restocking based on demand forecasts to keep a check on stock levels.
Dashboard Development
Designed and implemented a user-friendly dashboard to execute inventory data monitoring. Conducted training sessions to familiarize the client’s team with the newly developed dashboard.
