$800K Savings with PowerBI-Enhanced Inventory Management
Streamlining Operations for Design Holdings
Design Holdings is a distinguished leader in the global high-end design sector, celebrated for its sophisticated portfolio of luxury furnishings and lighting brands rooted in European cultural heritage. Driven by the philosophy “We design for a beautiful life,” the company exemplifies commitment to sustainability and innovative design. However, Design Holdings faced a substantial challenge as their inventory data was dispersed across multiple warehouses, causing inaccuracies and inefficiencies.
The Challenge
Design Holdings faced a significant hurdle: their inventory data was dispersed across multiple warehouses, leading to inaccuracies and inefficiencies. The existing team struggled with delays and errors that hampered operational performance. They needed a robust solution to consolidate and streamline their inventory information, ensuring data such as product names, stock levels, and dates were both accurate and accessible.
How Did We Take on the Challenge?
Root Cause Analysis: Identified systemic inefficiencies through thorough analysis.
Collaborative Refinement: Iterative meetings and collaboration refined the solution.
Technology Assessment: Leveraged expertise in Power BI, Google Sheets, and Excel to create a comprehensive strategy.
The Roadblocks
Data Access: Challenges in accessing and manipulating scattered data.
Integration: Combining disparate data sources into a unified system.
Manual Effort: Significant manual effort was required to monitor and share inventory data.
Despite these obstacles, Veritas Analytica’s collaborative and innovative approach led to a successful resolution.
Features of Our Solution
Consolidated Data Visualization
Centralized access to all inventory data across various storage locations.
Advanced Analytics
Identified and managed slow-moving and obsolete stock.
User-Friendly Interface
Simplified data entry and report generation.
Scalable Framework
Accommodated future inventory changes and business growth.
Tech Stack Used
Power BI: Developed custom dashboards for real-time insights and historical data analysis, with updates every 24 hours.
Google Sheets and Microsoft Excel: Utilized for data cleaning and manipulation in the initial stages, enabling seamless data integration.
Sync Hub: Facilitated data flow, though integration with base reports was required to enhance efficiency.
Solution
Consolidated Data Visualization
Centralized access to all inventory data across various storage locations.
Advanced Analytics
Enabled the identification and management of slow-moving and obsolete stock.
User-Friendly Interface
Simplified data entry and intuitive navigation for generating reports on demand.
Scalable Framework
Designed to accommodate future inventory changes and business growth.
Impact
100% Real-Time Analytics: Immediate insights into inventory status.
$800K+ in Savings: Drastically reduced costs through effective inventory optimization.
24/7 Uptime: Ensured continuous operation and data accessibility.
Data Flow Diagram
Client Testimonial
Client Name Designation of Client
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Date: 07/24/2024
Get in Touch Today
We will help you overcome your data and AI challenges.
Call us at +1 206 925 3771. Email us at info@veritasanalytica.ai.