Inventory Management Optimization
Client Challenge
A prominent consumer products company faced a major bottleneck in its daily operations due to the extensive manual manipulation of Electronic Data Interchange (EDI) reports. The process required removing subtotals, updating pivot tables, verifying costs, and manually entering order quantities into an allocation sheet. This labor-intensive workflow consumed 90% of the Inventory Analyst’s workweek, severely limiting efficiency and increasing the risk of human error. The client needed a streamlined, automated solution to enhance order accuracy, improve costing verification, and optimize inventory forecasting.
Solution
Bear Cognition deployed an AI-driven Inventory Optimization System to eliminate manual inefficiencies and empower data-driven decision-making. Using Predictive Forecasting, our platform leveraged AI/ML to analyze order trends, allowing for smarter inventory planning and future success. The AI-Powered Order Processing system automated the ingestion and processing of purchase orders and receipts, enabling real-time edits and continuous ML improvements. Additionally, our Perceptivity™ platform simplified complex data interactions through intuitive dashboards and tailored inputs, significantly reducing manual effort while enhancing visibility and control over inventory processes.
Results
The Inventory Optimization System reduced spreadsheet management time from nearly a full workweek to less than a day, allowing the client to reclaim valuable hours for higher-level strategy and decision-making. This efficiency sharpened order accuracy, streamlined cost verification, and empowered better forecasting, ultimately enhancing the company's ability to meet demand with precision. By automating key workflows and leveraging AI for real-time insights, the system transformed the client’s operations into a data-driven, agile process.
Substantial Time Savings: Reclaimed nearly a full workweek by eliminating manual spreadsheet tasks, allowing the team to focus on strategic growth.
Increased Order Accuracy: Reduced manual entry errors, ensuring precise allocations and minimizing costly mistakes.
Enhanced Forecasting & Decision-Making: AI-driven insights optimized inventory planning, preventing overstocking and stockouts.
Seamless Automation & Scalability: The system continuously improved through machine learning, adapting to evolving business needs.