"Situation:
While working at CVS Health, our inventory management system for OTCHS products was facing challenges. We had increasing stock outs, and our existing data was insufficient to fully understand and address the issue since it has been only a year this product line was initiated.
Action:
Although we do have a forecasting model to predict demand and other algorithms to trigger out of stock flags to warehouses to fill them, lack of data points on seasonality, supplier delays, compliance"
Vihari K. - "Situation:
While working at CVS Health, our inventory management system for OTCHS products was facing challenges. We had increasing stock outs, and our existing data was insufficient to fully understand and address the issue since it has been only a year this product line was initiated.
Action:
Although we do have a forecasting model to predict demand and other algorithms to trigger out of stock flags to warehouses to fill them, lack of data points on seasonality, supplier delays, compliance"See full answer
Product Marketing Manager
Behavioral
+2 more
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