Technology and innovation
Technology and innovation Challenge
Innovation is a practice that is commonly exercised at Markematics. It’s vital for companies to have technologically innovative solutions that help them in growth to achieve sustainable and distinctive competitive advantage. Regardless of the company size, we provide technologically innovative solutions to cater their needs to achieve excellence.
Some of the innovative tools are, InterACT, provides a complete framework for achieving Retail Execution Excellence. Another one is ShopperSights, it is the first ever tool to understand shopping Habits at both Traditional and Modern Trade. Retail e-Census offers a unique solution by providing Google enabled maps for each and every retail outlet.
Our all solutions are completely technological based where we aim to become paper less organization by 2020. Starting from the android based applications with in-built checks for logical flow to quality assured (QA) data uploading on portal and finally online reporting dashboard for client’s assistance.
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- Determine the right inventory level:With hundreds of medications in the market, Pharm Ltd. needed a proper method to predict and manage their inventory. Using a mean absolute percentage analysis, the teams appropriate levels for raw materials and finished products
Solution
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Results
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- Reduced lead time by 43%
- Decreased variability by 50%
- Lowered the risk of back-order by 95%
- Increased stock for finished goods by 10%
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