Case Study: Vélez increases sales and reduces overstock with Onebeat

Streamlined Inventory Management for Fashion Retailers with AI Technology

Cueros Vélez, a major fashion retailer with over 200 stores, faced significant inventory management challenges. Due to the vast amount of data, their team could only analyze 6% of store inventory, leading to widespread stock shortages and surpluses. They needed a solution to synchronize their processes with real-time demand and enable on-time replenishment, which led them to partner with Onebeat.

Onebeat implemented its AI technology to deliver real-time information and streamline the replenishment process. The solution provided smart, daily replenishment orders, which optimized inventory levels across all stores. As a result, Vélez saw a 13% increase in sales, a 33% reduction in surplus inventory, a 50% decrease in shortages, and a 40% reduction in lost sales.

Vélez

Andrew Andrea Uribe

Planning Director