Optimizing Inventory Management with AI-Driven Solution
Client Overview
A leading plastics manufacturing company in USA, providing packaging products to the medical and recreational cannabis industry, with an extensive portfolio of over 2,500 SKUs across multiple product lines.
Business Challenge
Managing a vast inventory of 8,500+ SKUs posed significant challenges, including inefficient supply chain processes, excessive inventory costs, frequent stock-outs, and difficulties in demand planning and forecasting.
Solution Impact
Reorder Point and Safety Stock Optimization
Purchase Price Variance Analysis
Pareto Analysis and SKU Segmentation
Advanced Demand Planning and Forecasting
Inventory Turnover and Days in Hand Inventory Analysis
Automated Inventory Reports
Our Approach
We conducted an in-depth analysis of the client’s supply chain, procurement, and inventory management processes. Through a data-driven approach, Genesis AI implemented strategic solutions leveraging advanced analytics and AI/ML techniques.
Write-off of underperforming business segment, enhancing overall profitability
Contact Us to Learn More About AI Solutions
Genesis AI drives innovation in manufacturing with AI and machine learning, optimizing processes and boosting productivity across industries like chemical, petrochemical, and automotive.
