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?"

Inventory management is a constant balancing act for manufacturers.


Keywords: inventory management, inventory planning, procurement, erp solution

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sidharth@likwid.co.in

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