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About Tesco Saves Millions With Supply Chain Analytics
Tesco has saved millions by applying supply chain analytics to optimize promotions, reduce waste, and match stock to demand fluctuations. By analyzing historical weather and sales data, Tesco developed a model that predicts the impact of weather on buying patterns. This allows them to adjust stock levels and has reduced out-of-stock items by 97%, saving £6 million. Tesco also analyzed promotion data and built a predictive model, revealing insights like BOGOF working better for non-perishables. A workflow system allows local stock planning based on this, taking £50 million of stock out of depots.
Detailed Information
| Author: | ['Wessim Bmw'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 3 |
| Language: | English |
| Format: | |
| Price: | FREE |
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