Inventory Forecasting

Tool to monitor and adjust inventory level requirements for each distribution facility. This is the process and platform that we use to bring products into our platform and into our inventory management. Since inventory management is such an important element of our solution and since we have limited distribution space, we have to make sure that we have rentable merchandise in stock. This tool continuously monitors the activity of every product and category/subcategory and determines which products should be eliminated and which products should expand their selection. Additionally, this allows us to make room for seasonal items.

Client : xamin
Category : Data Science
Website : xamin@gmail.com
Date : 29/08/2019

Building of unified data repository that includes data from all sources

We have built an inventory forecasting tool with the help of python and machine learning to create a forecasting application that uses forecasting techniques and a time series forecasting model to predict future requirements. This maintains stock for any store and reduces inventory management efforts. This provides an analytical report using the ml model and enough historical data. Our forecasting tool provides an analytical approach to take business decisions.

Our in-house inventory forecasting tool has been built using Python and a machine learning model. The inventory forecasting tool can be customized completely as per the client’s requirement.

We have built the tool using the following:

Python
Flask
Machine learning model
Time series methods
API Design Methods

Big Data Services

Business Intelligence

Data Visualization

Features

Daily forecasts
Time series forecasting
Predict future requirements
Reduce inventory management effort
Analytical approach
Business decisions
Customizable

Challenges - Solutions - Results

Our Challenges / Solutions

We have prepared Wireframes and Front end design using Adobe XD, Photoshop in coming up with the initial design and mockup and followed by further design revisions

Design graphic user interface elements, like menus and tabs
Illustrate design ideas using storyboards, process flows
Built page elements such custom graphics and illustrations
Developed UI mockups and prototypes that clearly illustrate how sites function and look like
Layout adjustments based on user feedback

Our Development Team came up with the technical architecture followed by data flow design, process flow design, flow charts, and technical documentation

We used PHP Tech Stack with Application Programming Interfaces (APIs) which let “Plug in” to other Useful Features. Through our highly skilled and certified developers, we developed custom solutions and technical services on a wide range of requirements and thereby exceeding the client’s expectations. This has all been achieved through our efficient coding best practices, development processes, implementation guidelines, technical maturity & end to end delivery.

We performed a comprehensive test strategy since technology stack undergo constant changes due to upgrades in web and mobile technologies. Our testing included exhaustive functional and non-functional testing, manual and automation testing besides performance and security testing. Our automated Application Testing and Performance Analysis ensured testing the applications on multiple devices and form factors and make the testing process quick, efficient, reliable, repeatable and reusable.

Our comprehensive application testing coverage included the following: