WareIQ
Amazon-prime like logistics for eCommerce companies in India
We are building an on-demand Fulfillment network and all software tools in a central platform which is required for an Etailer to manage their eCommerce Fulfillment operations. Etailers connect all their stores to our platform and send us their inventory. Whenever an order is placed on any of the channels, our Decision Engine allocates order to the nearest Warehouse holding the inventory, and right courier partner to pick & deliver to the end customer.
Active Founders
Harsh Vaidya
Founder & CEO of WareIQ, building on-demand fulfillment infrastructure allowing brands to offer Amazon-Prime like shipping. Harsh comes with 8+ years of experience working in Corporate Strategy & Market expansion roles for large tech. In his previous role, he looked into Product Strategy & Operations for Pitney Bowes, a global tech company offering solutions for small businesses and global eCommerce. Bachelors in Engineering from NIT, Harsh started his career with Capillary Technologies.
Aayush Mattoo
Young entrepreneur with a deep interest in the supply chain dynamics.
Company Launches
PROBLEM
Modern consumer brands that are not able to utilize their inventory well due to uncertainties of multi-channel demand and procurement lead times are at the verge of bankruptcy:
- Excess inventory eating into bottom-line due to high holding cost
- Revenue losses due to Frequent stock-outs caused by uncertainties in demand, and procurement lead times
- Unoptimized placement of inventory leading to slow shipping speed, and high last-mile costs
SOLUTION
Inventory LogIQ uses AI to dynamically segment SKUs to determine their right placement location, and factors in uncertainties of demand and procurement to automate:
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Liquidation Plan: Quickly identify slow-selling items that contribute to inventory bloat, resulting in high inventory holding costs and inflated operational expenses. By optimizing the inventory levels of these items, our tool helps brands reduce excess inventory and increase profitability
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Replenishment Plan: Our tool proactively identifies fast-selling items at risk of stock-outs, preventing lost sales opportunities and ensuring a seamless customer experience
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Network Optimization Plan: Our solution enables brands to strategically store the right products at the right locations, in the right quantities. By aligning inventory with demand centers and customers' geographical locations, our tool minimizes shipping timeframes and costs, leading to improved customer satisfaction and loyalty.
DEMO
WHY US
- Team led by Supply Chain & Data Science experts from companies like Pitney Bowes, Walmart & Delhivery with experience of managing $20 BN+ annual GMV
- Model trained on 500+ brands across verticals and market segments
- Integration support across all major ERPs, D2C stack, Accounting softwares
ASKS
- If you are interested or have any feedback to share, please write to me at harsh@wareiq.com
- I would appreciate introduction to any ecommerce/retail brand looking to solve their excess inventory/stock-out issues