Nobero: Multi-channel Inventory optimization with Stock balancing

About Nobero:

Nobero is a leading athleisure e-commerce brand, known for its diverse product catalog and extensive reach. Managing over 20,000 SKUs across multiple warehouses, Nobero is dedicated to providing high-quality athleisure wear to its customers. The brand's commitment to innovation and customer satisfaction has made it a prominent name in the industry.

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Challenges:

Despite its success, Nobero faced significant challenges in enhancing its inventory management. The key challenges included:

• Diverse Product Catalog: Handling varied products with distinct styles and demand patterns.
• Multiple Warehouses: Sales velocity of SKUs varies with the warehouse location.
• Replenishment Planning: Optimizing replenishment considering sales velocity and days of coverage across warehouses.
• Interwarehouse Transfers: Preventing stockouts through SKU and transfer date recommendations.
• Returns Management: Integrating returns with a defactoring factor for accurate demand forecasting.

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Solution Implemented:

Nobero turned to EasyReplenish for a tailored inventory management system. The solution included several key components:

• Style-Level Display: Enhanced visibility for product performance insights.
• Multi-Warehouse Replenishment Planner: Optimized stock levels considering location-specific metrics.
• Interwarehouse Transfer Recommendations: Intelligent algorithm for proactive stock management.
• Returns Defactoring: Integrated returns data for precise demand forecasting.

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Results:

Implementing EasyReplenish's tailored solution yielded substantial results for Nobero:

• Optimized Stock Levels: Reduced stockouts and overstock situations with more precise demand predictions.
• Improved Replenishment Efficiency: Enhanced stock replenishment with location-specific considerations.
• Proactive Interwarehouse Transfers: Prevented stockouts through timely stock transfers.

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Conclusion:

The implementation of EasyReplenish transformed Nobero's inventory management, addressing multi-warehouse inventory challenges and ensuring improved efficiency and supply chain management. This case study emphasizes the value of customized solutions in navigating inventory complexities.