Cutting inventory write-offs by 38% with demand forecasting

NovaMart was writing off millions in unsold stock annually. A production forecasting model changed that in six weeks.

Retail inventory and warehouse
38%
Inventory reduction
6 wks
Time to production
$2.4M
Annual savings

Client: NovaMart Retail Group
Industry: Retail & E-Commerce
Challenge: Chronic overstock leading to costly write-offs across regional distribution centers.

The challenge

NovaMart relied on spreadsheet forecasts updated monthly. By the time buyers reacted, seasonal demand had already shifted. Write-offs were rising quarter over quarter.

Our approach

We ingested four years of sales, promotions, and regional signals into a gradient boosting pipeline. Models were validated on rolling windows and reviewed weekly with merchandising leads.

Results

Within one quarter of production deployment, write-offs dropped 38%. The model refreshed daily and fed directly into the ERP replenishment workflow.

"TalentRack built a forecasting model that reduced our inventory write-offs by 38% in the first quarter alone. Their team spoke our language from day one."
Ayesha Khan, COO, NovaMart Retail Group

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