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.
Nailgrid 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, Nailgrid 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.
Ms Alka Wadhwa
Alka Wadhwa is an experienced consultant and process improvement expert with over 24 years of expertise in the Theory of Constraints (TOC), Lean Six Sigma, and organizational performance optimization. She has successfully led projects in healthcare, financial services, and manufacturing, driving significant improvements such as a 67% boost in hospital operations and a 140% increase in outpatient visits.
Previously, Alka Wadhwa spent 17+ years at GE Global Research Center, where she led initiatives to enhance various GE businesses through advanced technologies, process redesign, and system optimization. Founder of Better Solutions Consulting, LLC, she specializes in using TOC, Six Sigma, and data analytics to streamline operations and build high-performance teams.
Her work has earned her multiple accolades, including the Empire State Award of Excellence in healthcare.
Dr Gary Wadhwa
Dr. Gary Wadhwa is a Board Certified Oral & Maxillofacial Surgeon with extensive experience in the field. He completed his Oral & Maxillofacial Surgery training at Montefiore Hospital, Albert Einstein College of Medicine in Bronx, NY, and has served as an Attending at prestigious institutions like St. Peters Hospitals, Ellis Hospital, and Beth Israel Hospital in NY. With a career spanning over two decades, he was the former CEO and President of a group specialty practice in NY from 1994 to 2015. Dr. Wadhwa holds an MBA from UT at Knoxville, TN, and has undergone additional training in System Dynamics at MIT, Health System Management at Harvard Business School, and Entrepreneurship and healthcare innovations at Columbia Business School. Committed to expanding access to Oral & Maxillofacial Surgery care, he is currently engaged in a meaningful project to provide healthcare services to underserved populations in inner city and rural areas through non-profit Community Health Centers.