Image of a necklace from the brand Kimai
Image of a necklace from the brand KimaiImage of a necklace from the brand Kimai

19

June

2024

-

Min

35% Fewer stockouts: Cloudsharks optimizes inventory operations

Cloudsharks, a slides brand, optimized their inventory management with Prediko's advanced forecasting and exceptional support.

About Cloudsharks

Say hello to Cloudsharks! Founded in 2022 by Rayan Mroue, Cloudsharks is a growing eCom brand specialising in shark shaped slides, boasting over 500 SKUs. With a diverse product catalog and a growing customer base, Cloudsharks faced inventory management challenges that hindered its ability to meet demand and optimize stock levels efficiently.

The Challenge

Before partnering with Prediko, Cloudsharks faced significant challenges in inventory management. The main problem, as voiced by founder Rayan Mroue, revolved around the calculation of stock quantities to order:

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Moreover, the support and resources from the previous software (Cogsy) were limited, often resulting in delayed assistance, impacting operational efficiency (Read: How Kate Hewko improved operational efficiency by 40%)

How Cloudsharks Solved this with Prediko

Cloudsharks decided to jump onboard with Prediko's Planning and Purchasing platform to overcome these inventory management challenges. Prediko’s set up took less than a day and the solution solution incorporates not only current sales volume but also forecasts expected sales over the next 12 months, providing Cloudsharks with an average order quantity that aligns with their growth projections.

Rayan Mroue, the founder of Cloudsharks, shared his experience:

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The Impact

Prediko's Planning and Purchasing platform has had a profound impact on Cloudsharks:

  • Optimized Inventory: Prediko's advanced forecasting considers expected sales growth, allowing Cloudsharks to order inventory more accurately and efficiently.
  • Reduced Stockouts: By leveraging Prediko, Cloudsharks has significantly diminished instances of stockouts, preventing potential revenue loss and enhancing customer satisfaction.
  • Enhanced Support: Cloudsharks greatly values Prediko's exceptional customer support, which plays a pivotal role in ensuring their success
Rayan Mroue

Founder and CEO at Cloudsharks

Founder and CEO at Cloudsharks

"The main issue I faced with my previous inventory management was how the quantity recommended to order was calculated. It was only based on current volume and velocity, and not expected growth / decline in sales. I wasn’t ever able to order the sufficient amount of inventory due to our expected growth."

"Prediko uses current volume of sales combined with expected sales over 12 months and gives me an average of how much I should order. Additionally, Prediko as a whole is much more robust, which is something I needed for a business as SKU heavy as mine. Lastly, the support and resources from my last software was very limited, and help seemed to take forever to get."

"Prediko uses current volume of sales combined with expected sales over 12 months and gives me an average of how much I should order. Additionally, Prediko as a whole is much more robust, which is something I needed for a business as SKU heavy as mine. Lastly, the support and resources from my last software was very limited, and help seemed to take forever to get."

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