Problem Statement
The client faced major sales losses due to the absence of intelligent product substitution. When key SKUs went out of stock, they lacked insights on suitable alternatives, resulting in unfulfilled orders, customer dissatisfaction, and high walk-outs. To compensate, they maintained excessive safety stock, inflating inventory costs. These inefficiencies, ranging from stockouts to poor substitution visibility and inventory imbalance, limited responsiveness to market demand and led to an estimated annual revenue loss of nearly $27 million.
Impact
- $133M revenue influenced through improved order fulfillment rate
- 39% reduction in excess inventory achieved
- Enhanced customer experience, which led to a significant reduction in customer walk-out rate
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