EXAMPLEs Of CHALLENGES
👉 Stock Optimization
Poor inventory management represents a major risk for companies. The mishandling of stocks can lead to sales and customer loss but also material degradation, products obsolescence and warehouse costs increase. All together, it causes extremely high financial risks as the money is tied up. How can you help retailers or e-merchants optimize their inventory management ?
Materials
Hackers will be provided with supply chain and inventory data, subject matter expertise and a large operational dataset.
Judging criterias
The solutions are judged based on the novelty of the approach, scalability and technical feasibility in the retailer's ecosystem.
👉 How to anticipate warehouse activity in order to limit product returns ?
Finding the exact balance between not enough stock and too many stock is not easy. It requires flexibility, adjustment, coordination and promptness at each level of the supply chain. It is common for return rates to average around 20% and sometimes as high as 40%. Facing this supply chain uncertainty, how can we help retailers maximise the efficiency of their supply chain?
Materials
Hacker teams will be provided with supply chain and inventory data; as well as selected mentors that can answer their questions.
Judging criterias
The solutions are judged based on the novelty of the approach, scalability and technical feasibility in the retailer's ecosystem.
👉 Does your supply chain operations capture and manage critical KPIs ?
Supply chain management involves a large number of players and sometimes, it may be hard to keep track on the efficiency of the organization. And even more difficult to set up measurables Key Performance Indicators (KPIs) beside delivery time and stock replenishment. Which additional KPIs could be implemented to drive supply chain efficiency?
Materials
Hackers team will be provided with the supply chain data, as well as selected mentors that can answer their questions.
Judging criterias
The solutions are judged based on the novelty of the approach, scalability and technical feasibility in the retailer's ecosystem.
👉 How well are the processes already integrated in your internal supply chain ?
Acquiring and storing inventory requires a lot of money, which is why good inventory management is essential to the growth of a business. The decisions a retailer makes on which product is refilled or discarded has a direct impact on its profitability and cash flow. Meaning that your inventory turnover can have a positive or negative effect on your productivity. How can we help retailers make more profitable inventory investments ?
Materials
Hackers team will be provided with inventory, sales and procurement data, as well as selected mentors that can answer their questions.
Judging criterias
The solutions are judged based on the novelty of the approach, scalability and technical feasibility in the retailer's ecosystem.
👉 How to track supply chain visibility for products moving from an overseas factory to a distribution center ?
The goals in this challenge should be to give all people interacting with the product journey, the opportunity to track it at any time, this from the 1st factory operator to the final customer. For that, the solution could be to build an application that can ingest files from third parties to post milestones such that the user knows where in the journey the product is at any time. Milestones to include: “Departed Factory”, “At Loading Port”, “Onboarded Vessel”, “Left Loading Port”, “Arrived at Discharge Port”, “Offloaded from Vessel”, “Left Discharge Port”, “Received at Transload”, “Departed Transload”, “Received at Distribution Center”, “Stocked”. User enters the order number and the application correctly displays the latest milestone posted.
This should be effective regardless of the number of transload points and distribution centers.
Materials
Hackers team will be provided with factory and distribution center location data, as well as selected mentors that can answer their questions.
Judging criterias
The solutions are judged based on the novelty of the approach, scalability and technical feasibility in the retailer's ecosystem.
