InventoryIQ
Right Stock, Right Time—No Spoilage, No Stockouts
Managing inventory precisely is critical, especially when dealing with perishable goods. InventoryIQ leverages advanced computer vision technology to accurately track each SKU—from production through storage and distribution to dispatch—ensuring accuracy and efficiency at every stage.
Challenges
Common Issues Facing Inventory management
Overstock Issues
Excess inventory leading to spoilage and increased holding costs
Revenue Loss
Misplaced inventory or incorrect SKU dispatch resulting in financial losses
Limited Visibility
Lack of real-time tracking across multiple storage facilities
Our AI Solution
InventoryIQ employs cutting-edge computer vision combined with custom-built conveyor systems and specialized camera mounts for precise, real-time tracking of inventory movements. Our proprietary platform:
- Monitors SKU movements seamlessly from production to dispatch.
- Automatically validates dispatched items against packing slips and orders.
- Provides detailed, actionable reports for enhanced inventory accuracy and historical analysis.
Case Study
Mercelys Ice Cream
Scenario
Mercelys Ice Cream faced revenue losses and customer complaints due to inaccurate inventory dispatches and misplaced SKUs, resulting in operational inefficiencies and increased costs.
What We Did
We implemented InventoryIQ’s AI-driven inventory tracking solution, integrating custom-built conveyors and advanced camera systems to provide real-time accuracy from production to dispatch.
ROI
Once deployed, Mercelys Ice Cream significantly reduced dispatch errors to near zero, minimized misplaced inventory, and improved overall operational efficiency, effectively cutting annual losses and enhancing profitability by over 3%.
