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Optimizing Inventory Management for an Electronics Retailer

Project Info!

Client

Regional Electronics Retailer

Location

Vancouver, British Columbia

Challenge:

The client was struggling with inventory management issues, leading to frequent stockouts and overstock situations. This resulted in lost sales and increased holding costs.

Solution:

V Merchandising introduced a data-driven inventory management system that leveraged real-time sales data to predict demand and optimize stock levels. We also reorganized the store layout to improve product visibility and accessibility.

Implementation:

The new inventory management system was integrated into the client’s existing POS system over a four-month period. We provided comprehensive training to the client’s staff on using the system effectively.

Result:

The client saw a 40% reduction in stockouts and a 20% decrease in excess inventory within the first year. Sales increased by 15%, as products were consistently available when customers wanted them. Additionally, the client reported a significant reduction in inventory holding costs.

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V Merchandising is a premier merchandising company headquartered in Toronto, Canada, dedicated to helping businesses across the nation unlock their full retail potential.

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