Challenges faced by Retail industry

3) Rising Transportation and Raw Material Costs:

• Increasing expenses impact profitability and supply chain efficiency.

2) Excess Inventory:

• Leads to higher carrying costs and risks of obsolescence.

3) Narrow Margins:

• Difficult to optimize profits with rising costs and inefficiencies.

4) Inventory Management Issues:

• Ineffective tracking and replenishment cause overstocking or stockouts.

5) Quality and Compliance Challenges:

• Ensuring products meet quality standards and regulatory compliance is resource-intensive.

6 )Adhoc Purchases:

• Unplanned procurement leads to higher costs and inefficiencies.

Value proposition:

1) AI-powCost Optimization:

• Ai Powered analytics to benchmark transportation and raw material costs, providing actionable insights to minimize expenses.

2) Smart Inventory Management:

• Utilize predictive analytics to maintain optimal inventory levels and reduce carrying costs.

3) Increased Margins:

• Automated sourcing and negotiation tools help secure better pricing, improving profitability.

4) Planned Procurement:

• Centralized procurement platform to minimize adhoc purchases and leverage bulk discounts.