Sold by: BIX TechÂ
BIX Tech is a premier provider of custom software development, data engineering, data science, and data visualization & analytics, backed by over a decade of experience. Leveraging cutting-edge technologies, including AI and machine learning, alongside deep industry expertise, BIX Tech delivers scalable, tailored solutions that drive operational efficiency, improve data-driven decision-making, and accelerate growth.
Overview
Activities:
- Designed and developed a predictive algorithm to forecast bestseller product demand with a six-month lead time, leveraging AWS services such as Amazon SageMaker for machine learning model development.
- Built an intuitive application that integrates with the retailer’s existing inventory management system to provide actionable insights.
- Developed a custom dashboard to visualize the algorithm’s predictions, enabling clear understanding and strategic decision-making.
Deliverables:
- A robust predictive algorithm tailored to the client’s unique purchasing patterns and sales history.
- Interactive application for tracking, managing, and optimizing inventory decisions.
- Comprehensive dashboard with detailed visualization of algorithm decisions and key performance indicators (KPIs).
- Documentation and training materials to support seamless adoption of the solution.
Outcomes:
- Improved purchasing precision by 50%, minimizing overstock and stock-out scenarios.
- Achieved savings over R$ 3 million in purchasing costs, freeing resources for other strategic investments.
- Established a data-driven culture, empowering teams to make informed, analytics-based decisions.
Highlights
- The solution directly contributed to cost optimization, saving R$ 17 million in purchase expenses while simultaneously boosting sales. This dual benefit showcased the power of predictive analytics to align financial efficiency with revenue growth.
- BIX Tech developed a tailored predictive analytics solution, enabling the client to plan purchases six months in advance with 50% greater accuracy. This minimized errors, reduced stock-outs of high-demand products, and optimized inventory levels, driving operational efficiency.
- The implementation of an intuitive dashboard and user-friendly application ensured stakeholders could easily interpret and act on the algorithm's insights. By fostering a data-driven culture, the solution empowered the retailer to make strategic decisions, laying the foundation for sustained growth and innovation.
Details
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Delivery method
Deployed on AWS
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Support
Vendor support
Based in Florida and working with a nearshore team from Latin America, BIX Tech is committed to delivering high-quality support to ensure your success. We provide comprehensive assistance throughout the lifecycle of your solution, from setup to ongoing maintenance, ensuring seamless performance and reliability. With over 1,000 successful projects delivered, we’ve empowered clients across diverse industries to reach remarkable milestones.
Phone Support: Available during business hours (ET) at (786) 388-0986.
Email Support: Reach us at info@bix-tech.com for inquiries, technical support, and consultations.
Our site: https://bix-tech.com/Â
Our expert team is here to assist with any technical challenges, providing timely and effective solutions to help you maximize the value of our services.