Smart inventory allocation for delightful customer experience

Smart inventory allocation for delightful customer experience

摘要

You don’t need a reason to shop from Myntra, do you ? In case you need one, why don’t you check our recent collections here ! To make our products your proud possessions our ‘delivery partners’ are constantly engaged in expanding their networks and reach. In wake of growing technological advancements, we at Myntra are diligently working to empower our Fulfilment centres by locating our inventories close to our stakeholders .

As we expand our Fulfilment centres to have better delivery speeds, we keep a keen eye on optimising inventory allocation. Now, inventory placement is a complex problem. It requires in depth logistic planning and up to date demand analysis of our inventory. Buying and Replenishment is a major, throughout the year activity for us. Fast changing trends, seasonality, and just-in-time inventory models make inventory procurement an everyday activity. Once the buying quantity is fixed, typically using a demand forecasting model, the next task is to distribute the procured inventory optimally between the principal warehouses. Any optimisation of logistic cost by a few percentage points results in massive cost savings.