Inspiration
Indian SMBs are highly dependent on festival sales for profits, but they struggle with inventory management. Many face losses from overstocking perishable goods or miss potential profits from understocking. These issues are caused by a reliance on guesswork rather than data-driven decisions, as existing generic inventory tools fail to account for seasonal festival patterns.
A potent solution lies in developing a data-driven, festival-specific inventory management system tailored for Indian SMBs. This tool would analyze historical sales data from previous festival seasons to predict accurate demand forecasts, helping shopkeepers optimize their stock levels and avoid both overstocking and understocking. By incorporating factors specific to festivals—such as the perishable nature of sweets or the popularity of certain products during Diwali, Holi, or Eid—the platform would provide intelligent recommendations on what and how much to purchase. This moves businesses beyond reliance on memory and guesswork, enabling them to make informed decisions that maximize profits while minimizing waste and lost sales opportunities.
Built With
- canva
- ppt
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