Similar Case Study on Capstone project 1
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 Published On Apr 17, 2023

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The Capstone Project focused on implementing a comprehensive solution for inventory management, leveraging technology and data-driven strategies.

Inventory Assessment:
Conducted a detailed analysis of existing inventory data, identifying slow-moving items, overstocked products, and stockout patterns.
Utilized historical sales data and demand forecasting to better understand seasonal variations and trends.

Technology Integration:
Implemented an Inventory Management System (IMS) to automate and streamline the tracking of inventory levels, reorder points, and stock replenishment.
Integrated the IMS with the Point of Sale (POS) system for real-time updates and accurate sales data.

Supplier Collaboration:
Established improved communication channels with suppliers to ensure timely restocking and reduce lead times.
Negotiated favorable terms and discounts based on data-driven insights into product demand and order frequency.

Employee Training:
Conducted training sessions for store staff on the effective use of the new inventory management system, emphasizing the importance of accurate data entry and adherence to updated processes.

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