About this Presentation
This talk will explore how suppliers, in collaboration with retailers, can develop personalized offers directly for end consumers while focusing on optimizing in-store inventory. The focus will be on Non-Movers and Ultra Slow-Movers products. The presentation will demonstrate how the concept of Inventory Value Day (IVD) can be used to identify and reduce excess inventory. By eliminating these items, retailers can achieve significant benefits, such as freeing up space and capital for products with higher demand. The discussion will cover how applying these strategies can improve operational efficiency, reduce costs, increase customer satisfaction, and maximize return on investment for retailers. Additionally, artificial intelligence will be highlighted as a key tool for real-time monitoring and adjusting of offers, ensuring effective execution.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
Neogrid is revolutionizing the retail industry by providing solutions for supply chain management and data analysis.
The company's system allows for personalized promotions, leading to increased sales and higher margins for retailers and manufacturers.
By using artificial intelligence, Neogrid can analyze data and determine which products and consumers should be targeted for promotions, optimizing the supply chain and reducing constraints.
Instructor(s)
Miguel Abuhab
Miguel Abuhab is a mechanical engineer, who graduated from ITA - Aeronautics Institute of Technology. In 1999, he founded NeoGrid, a provider of Supply Chain Management (SCM) software solutions, which has become a leading provider in Brazil, listed on the stock market in December 2020. Currently holds the position of Chairman of the Board.
Since 2003, Abuhab has worked on its Tax Simplification Plan for Brazil - Abuhab Model of VAT Collection - which served as the basis for the Tax Reform Report approved in December. In 2019, he presented his Plan to the CCJ - Constitution, and Justice Commission, which amends the National Tax System. About the subject, he wrote books that address tax reform to unlock Brazil and sustain growth and social inclusion.
Abuhab is an advocate of Eliyahu Goldratt’s ideas, incorporating in his business expertise the Theory of Constraints (TOC) and ideas related to the supply chain He also works strongly in social responsibility projects, focused on education. The TOCfE (TOC for Education) program, sponsored by the Miguel Abuhab Institute (IMA), has trained 200 volunteer teachers in 20 public and private schools in Joinville, serving more than 5,000 children.