Problem Statement
The client faced significant sales losses due to the absence of an intelligent approach to product substitution. When key SKUs went out of stock, the lack of insights into suitable alternatives resulted in unfulfilled orders, customer dissatisfaction, and increased customer walk-outs. To compensate for these availability gaps, the client maintained excessive safety stock, increasing inventory costs while creating further inventory imbalances. These challenges limited the ability to respond to changing market demand and created a need for scalable, data-driven stockout prevention and product substitution capabilities.
Impact
- $133M revenue influenced through improved order fulfillment rate
- 39% reduction in excess inventory achieved
- Enhanced customer experience, which led to a significant reduction in customer walk-out rate
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