Volero cuts surplus orders 58% and stock-outs 10% with Netstock AI planning
Volero deployed Machine Learning & Predictive Analytics for Inventory Optimization in Retail & E-Commerce Supply Chain. As reported by Netstock: 58% reduction in surplus orders.
Source-reported figures (cited source: Netstock)
What Volero was trying to fix
Volero is a Netherlands-based online retailer of floor fashion, from area rugs to outdoor mats, that serves Europe from one central warehouse. Its manual, Excel-based inventory planning for over 5000 SKUs was unreliable. Suppliers in China, India, Turkey and Belgium, 3–4 month lead times and an ever-changing catalog of sizes, colors and seasonal styles made forecasting a challenge.
What Volero deployed
After evaluating other platforms, Volero chose Netstock as the most cost-effective option and implemented it at the end of 2024. Netstock's AI tools automatically flag SKUs at risk of stock-outs and give guided recommendations on what to order and when. They also help the buyer prioritize urgent items, such as outdoor rugs in the summer season, and flag anomalies while old collections are phased out and new ones launch with no sales history.
Results
In the eight months since implementing Netstock, Volero reduced surplus orders by 58% and decreased stock-outs by 10%. These gains came while the company doubled its inventory value over the past year to support expansion into new markets across Europe. The case study projects that, if current sales forecasts remain stable and Volero keeps following Netstock's recommended orders, it is on track to reduce overall inventory value by 60% over the next 24 months.
Key Takeaways
- Move purchasing off spreadsheets once a catalog and its lead times are too large to review item by item.
- Choose planning tools that flag the most urgent items, so a new buyer can make informed decisions quickly.
- Judge planning software on surplus and stock-outs together, and watch inventory value as the business grows.
Evidence for Volero's Inventory Optimization deployment
- Reported outcome metrics
- 2 cited below
- Cited source
- Netstock
- Last updated
- Source link checked
Explore Related
Details
- Industry
- Retail & E-Commerce Supply Chain
- Use Case
- Inventory Optimization
- AI Technology
- Machine Learning & Predictive Analytics
- Company
- Volero
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