We Know How Much Money You Lost In Sales This Year

Ikigai Labs can identify lost sales and help optimize purchasing decisions while minimizing inventory cost

Figure 1. A plausible trade-off between missed sales [x-axis] and daily average cost of inventory [y-axis] achievable with a carefully designed ordering policy by Ikigai Labs. The existing ordering policy utilized by an e-comm retailer corresponds to the “red” dot. Ikigai Labs provides various “operating options” for the retailer. For example, the retailer could decrease the daily average cost of inventory by ~49% while retaining the same missed sales (i.e. revenue) or continue to have the same daily average cost of inventory and increase revenues by ~6.5% (or a 33% reduction in missed sales) or various options in between. In short, Ikigai Labs provides much better returns on investment for the retailer!

About the Authors

Nate Lanier (Applied Data Scientist)

John Tsitsiklis (Professor @ MIT)

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The only operational BI platform that turns actionable insights into insightful actions.

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Ikigai Labs

The only operational BI platform that turns actionable insights into insightful actions.