BlocBelt proposed and developed a dynamic forecasting AI model with the following approach:
Data Collection: BlocBelt gathered historical sales data, product descriptions, website traffic, competitor data, weather patterns, and DIY trend reports.
Data Cleaning and Preprocessing: Our team prepared the data for analysis by handling missing values, outliers, and inconsistencies.
Model Building: BlocBelt experimented with different machine learning algorithms, including ARIMA, SARIMA, LSTM, and Prophet. She hyper-tuned the models and compared their performance based on accuracy and metrics like MAPE (Mean Absolute Percentage Error).
Visualization and Reporting: Our team built interactive dashboards to visualize forecasts for individual products and product categories. We also generated reports highlighting potential stockouts and opportunities for optimization.
Reduced Lost Sales: The model accurately predicted spikes in demand, allowing WinTrio to proactively increase inventory and avoid missed sales opportunities.
Decreased Overstocking: Improved forecasting eliminated unnecessary stockpiling, freeing up valuable warehouse space and reducing holding costs.
Enhanced Efficiency: Automated forecasting streamlined the ordering process, thus increasing operational efficiency.
Improved ROI: The project yielded a substantial return on investment (ROI) through increased sales, cost savings, and increased efficiency.
BlocBelt successfully demonstrated the power of AI in optimizing inventory management. Through data-driven insights and automation, WINTrio’s clients achieved significant operational and financial improvements.
Chief Technology Officer
“We partnered with BlocBelt to get assistance in UI/UX design for one of our mobile applications, that was based on providing a platform for patient care management. The best thing we liked about BlocBelt was they understood the end goal of what sort of product we wanted to deliver to our client and their expertise in UI/UX design helped us to deliver the required in house project successfully.”
Director Operations
“BlocBelt has been a valuable partner through CyanGate’s journey assessing technologies and launching a new solution. BlocBelt demonstrated their ability to provide resources that master the challenging technical aspects and timeline of our development efforts”
“We partnered with BlocBelt to get assistance in UI/UX design for one of our mobile applications, that was based on providing a platform for patient care management. The best thing we liked about BlocBelt was they understood the end goal of what sort of product we wanted to deliver to our client and their expertise in UI/UX design helped us to deliver the required in house project successfully.”
Software Solution for Dispatch, Tracking, and Customer Visibility
“BlocBelt has been a valuable partner through CyanGate’s journey assessing technologies and launching a new solution. BlocBelt demonstrated their ability to provide resources that master the challenging technical aspects and timeline of our development efforts”
Streamlined Profit & Loss Reporting using RPA
Get in touch to leverage the technical expertise that you are looking to get DIGITALISED
US: 9711 Washingtonian Blvd, Suite 550 Gaithersburg, Maryland 20878
Pakistan: 307-Y Commercial, 1st Floor, Phase III DHA, Lahore 54000
US: 9711 Washingtonian Blvd, Suite 550 Gaithersburg, Maryland 20878
Pakistan: First Floor, 307-Y, Street 11, DHA Phase 3, Lahore, Punjab 54000