
Day 3 : Challenge: Inventory Management
Key Problems:
- Overstocking: Leads to higher holding costs, wastage, and tied-up capital.
- Stockouts: Results in missed orders, production delays, and dissatisfied customers.
- Lack of Visibility: Difficulty tracking inventory across multiple locations or systems.
How to solve ?
- Optimize Inventory Levels: Demand forecasting ensures you stock just the right amount.
- Real-Time Tracking: Gain full visibility into inventory across all locations and stages.
- Seamless Integration: Sync inventory with production, sales, and procurement for a unified approach.
- Data Accuracy: Automated processes eliminate manual errors and provide reliable insights.
How Likwid solves your challenge ?
- Output biased - ML powered procurement to solve your overstocking and stockout problems
- Output driven auto inventory reconciliation
- Our platform provides AI powered demand forecasting for all your SKUs
"What’s your biggest inventory management headache—overstocking, stockouts, or something else?"