The InventoryIQ app is a Snowflake Native solution designed to offer retailers advanced analytics on stockouts, leveraging their own data. By integrating directly into the Snowflake environment, the app automates the analysis of stockouts, identifies root causes, and delivers actionable insights through interactive dashboards and comprehensive reports. Running at configurable intervals, it provides retail teams with real-time data that supports immediate issue resolution, long-term inventory planning, and supply chain optimization, all within the Snowflake platform.
Reduce Stockout Losses by up to 35% with InventoryIQ
Advanced Out-of-Stock Attribution Analytics for Smarter Retail Management.
About InventoryIQ
Top Retail Challenges Solved
Lost Sales Due to Stockouts
Retailers lose potential revenue when products are unavailable for customers.
Inventory Blind Spots
Without visibility into inventory data, inefficient stock management often leads to missed opportunities.
Supply Chain Disruptions
A lack of analytics on supply chain disruptions hampers the ability to address vulnerabilities.
Customer Satisfaction Risks
Inconsistent stock levels lead to unsatisfied customers and increase churn risk.
Delayed Decision-Making
The absence of real-time data prevents teams from making quick, informed decisions.
Our Solution
- Root Cause Identification: Automatically uncovers the primary factors driving stockouts, such as supplier delays or incorrect demand forecasting.
- Enhanced Inventory Visibility: Provides clear, actionable insights into inefficiencies and inventory gaps.
- Real-Time Alerts: Delivers immediate notifications on stockouts, allowing teams to quickly take corrective action.
- Comprehensive Supplier Analysis: Evaluates supplier performance and its impact on stock levels, enabling proactive issue resolution.
- Integrated Supply Chain Analytics: Offers a holistic view of the supply chain to ensure optimal stock levels and improved demand-supply alignment.
Key Features
Why InventoryIQ
Key Benefits of InventoryIQ
1
Reduced Lost Sales
Helps retailers minimize lost sales by up to 35% by promptly identifying and resolving stockout issues.
2
Enhanced Customer Satisfaction
Keeps high-demand products in stock, reducing customer dissatisfaction and churn by as much as 25%.
3
Optimized Inventory Management
Improves inventory efficiency, balancing supply and demand while minimizing overstock and stockout risks.
4
Real-Time Response
Enables quick action with real-time insights, leading to faster stockout resolution and better supply chain management.