Data Collection & Analysis
We securely access your inventory data and apply our proprietary algorithms to identify patterns, issues, and opportunities.
Inventory Data Intelligence
The Foundation for Smarter Inventory Decisions
Transform raw inventory data into actionable insights with our AI-powered Inventory Data Intelligence solution. We help you identify duplicate, similar, obsolete SKUs and enrich that data with external market data to streamline your inventory management and boost operational efficiency.
Is Poor Data Quality Costing You?
Industrial distributors face significant challenges with inventory data quality that directly impact profitability:
Duplicate SKUs
Leading to excess inventory and unnecessary purchases
Inconsistent Units of Measure
Causing ordering errors and operational inefficiencies
Incomplete Product Attributes
Limiting searchability and hampering customer experience
Similar Products Unidentified
Preventing cross-selling and substitution opportunities
Hidden Obsolete Inventory
Tying up valuable working capital
Poor inventory data quality affects everything from operational efficiency to customer satisfaction. Our Inventory Data Intelligence solution directly addresses these challenges with proven results. Find out more here.
Our Inventory Data Intelligence Solution
Our comprehensive service optimizes your existing inventory by identifying data quality issues and providing actionable solutions:
We conduct a thorough examination of your inventory data to identify issues and opportunities for improvement. Our proprietary algorithms analyze patterns, inconsistencies, and relationships across your entire product catalog.
We identify duplicate, similar, and obsolete SKUs within your system, providing clear recommendations for consolidation and optimization. This streamlines your product catalog and reduces redundant inventory.
We augment SKU details by cross-referencing with industry data, improving categorization and searchability. Our system delivers a richer product dataset that enhances both operational efficiency and customer experience.
We harmonize units of measure, product descriptions, and categorization across your entire inventory to ensure consistency. This eliminates confusion, reduces errors, and creates powerful downstream effects throughout your business systems.
Our solution doesn't stop at initial implementation. We continuously monitor data quality to prevent future issues, providing ongoing recommendations for maintaining a clean, efficient inventory database.
Key Benefits
Lower the costs associated with inventory management, supplier inquiries, and customer service by eliminating data-related inefficiencies and streamlining operations.
Eliminate redundant inventory by identifying duplicate and similar SKUs, free up working capital, and reduce carrying costs while maintaining service levels.
Improve user experience with better categorization and complete product attributes, making it easier for customers and staff to find exactly what they need.
Reduce complexity in inventory management and procurement through standardized data, consistent units of measure, and clear product relationships.
How It Works
Our Inventory Data Intelligence process delivers clean, standardized, and actionable inventory insights:
Insight Report Generation
We deliver a comprehensive report highlighting duplicate SKUs, similar products, and obsolete inventory, along with tracking SKU levels for progress monitoring.
Recommendation Implementation
Our Inventory Commentary offers specific recommendations, such as grouping duplicate SKUs to reduce inventory levels or suggesting alternative SKUs to ensure seamless order fulfillment.
Continuous Improvement
We establish ongoing monitoring to maintain data quality and provide regular updates and recommendations as your inventory evolves.
Success Story
Major Industrial Distributor
A leading industrial distributor with over $16B in annual revenue faced challenges with inventory data quality impacting their service levels and operational efficiency.
Deda’s decision intelligence solutions helped us reduce backorders by 13.6% and decrease inventory levels by 19.6% within just three months.
Supply Chain Director
Global Tool Manufacturer
Challenge
The company provides services to help their customers find streamlined ways of managing their strategic suppliers. They wanted to automate the data cleaning process to focus on strategic recommendations, such as reducing the number of suppliers and advising on strategic suppliers for their customers.
Our Approach
Our Expert Services team applied a series of rules for over 5,000 SKUs, using proprietary algorithms and large language models to enable continuous learning and self-improvement with larger data sets, incorporating their internal policies for products.
Result
- Discovered clusters of identical products with different SKUs
- Uncovered clusters of similar products across the catalog
- Enhanced product descriptions by inferring missing data
- Delivered supplier optimization lists identifying preferred suppliers (offering the lowest unit price) and alternate suppliers with the same product quality
Contact Us
Want to get in touch with us? You can do it here.
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