• I supported the IT team in finding a solution to improve the inventory management and reduce costs
• We researched various inventory management software solutions and decided to implement MDM Inventory platform

Action:

• I worked with a team of cross-functional stakeholders to implement MDM (MASTER DATA MANAGEMENT ) Inventory 
• This involved setting up the software, adding products to our inventory, and configuring settings such as stock levels and reorder points. I also supported a training program of employees on how to use the software effectively

• Centralize product data:
  • I helped him to identify and migrate all of the product data from the various existing systems into a single, centralized repository
  • This ensures that all product data is accurate, up-to-date, and easily accessible.
• Implement data validation rules:
  • I helped him to develop and implement data validation rules to ensure that the product data was accurate and consistent.For example, a rule can be set to reject any product data that contains invalid or missing information
• Use data normalization techniques:
  • I helped him to normalize the product data to ensure that it was consistent across all product categories
  • For example, all product weights can be standardized to a single unit of measurement, such as grams or pounds

• Reducing stockouts:
  • MDM Inventory helped PICNIC to improve our inventory forecasting and replenishment, which reduced the number of stockouts
• Reducing overstocking:
  • MDM Inventory gave us real-time visibility into our inventory levels, which helped us to avoid overstocking
• Improving inventory accuracy:
  • MDM Inventory helped PICNIC to improve the accuracy of our inventory records, which reduced the risk of errors
  • In addition to reducing costs, MDM Inventory also helped PICNIC to improve its customer service
  • We were able to fulfill orders more efficiently and accurately, which led to increased customer satisfaction