Keeping store shelves consistently stocked is the foremost challenge in any retail enterprise. There are many variables that go into determining the right demand at the stores – including demography, seasonality, holiday peaks and product life-cycles. The impact of this is far from trivial on the top line and bottom line and has a significant impact on customer retention. About 21% to 41% of the customers faced with stock out move to a different store to make an alternative purchase. Also, 72% of stock outs occur due to flawed planning and replenishment methodologies as opposed to bottlenecks in the supply chain.
However there is a cost to carrying inventory as well. The solution is to find the balance between overstocking and letting your inventory run out too quickly.
BluePi works with retailers in providing retail optimization solutions that are tailor-made keeping their specific supply chain nuances. Whether you are a multi-format retail chain, apparels or a grocery store our AI/ML driven solutions will add to your bottom-line and top line while at the same time improving customer satisfaction.
BluePi has been a valuable partner in our Digital Technology journey. They understand our business well and work as an extended arm of our company. We have been very impressed with their technological capability and knowledge.
BluePi team worked with us on an ambitious and so-called Blitz-Migration project, of moving our web services to Amazon Public Cloud. The team was agile enough to not only learn our tech stack but also quickly got culturally aligned with our teams to work in an environment of high speed with the promise of reliability. BluePi teams tech-abilities and quick debugging skills were handy and ensured success to project.
This project has been one of the most challenging and ambitious ones for Delhivery. Given the multifaceted challenges and complexity involved, Bluepi team took up the task enthusiastically and executed it all through with same perseverance and rigor. Being given the kind of reassurance and ongoing support combined with its innovative and collaborative style adds further reason for us to appreciate them.
It was nice to pair-up with BluePi. The professional and swift manner in which the migration of our workload to AWS was managed by BluePi team was second to none. We were working on extremely tight timelines and BluePi helped us execute the migration in an agile manner and mitigate the risks involved. We got the good support whenever required. A great team to Work with!
Working with BluePi has been a delight and are a great partner to work with for digital transformation projects. The team is great and possess vast experience. They demonstrated strong technical acumen and high service orientation. The team took time to understand requirements thoroughly and designed the architecture accordingly with best of technology. We experienced smooth project execution, prompt support and a great product.
We engaged with BluePi for execution of a large project and in a couple of months of working together, BluePi became our extended implementation team. Agile methods combined with a crack development team make working with BluePi a very smooth experience. Also, the swift response to understand our need, the ‘can do’ attitude of people and providing support in odd hours to keep deadlines intact is something that has impressed us the most about BluePi.
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WHAT IS CDP? The term CDP stands for Customer Data Platform. CDP is defined as a packaged software that centralizes customer data from all sources and then makes this data available to other systems for marketing campaigns, customer service and...
StockOuts and Why It Happens According to wiki, A stockout, or out-of-stock (OOS) event is an event that causes inventory to be exhausted. In layman terms, it means unavailability of the product when customer want to purchase it. Stockout is...
No business has ever become successful with ineffective retail stock management. Take the biggest of names in the industry and the statement holds true. Walmart lost a whopping $3 billion because its retail stock management went wrong and the most...
