only for daisy
Innovation lab- Graybar
1. Who we are?
Graybar
-fortune 500. Employee-owned company.
-One of the north America’s largest employee-owned companies
-We have over 290 locations
-Founded in 1869, Graybar procures, warehouse
2. What’s the research park?
-technology hub for research development operations
-vibrant community of start-ups, small and midsize firms, and other fortune 500 companies
-unique location in close proximity to the U of I
3. Guiding principles
-open innovation
-customer focused
-data driven
-cross-functional
4. Innovation radar- what’s in scope?
4. iLab future structure
6. Market intelligence
Agile project team
-Auto Replenishment prototype
-digital job cart poc
Q & A:
How to calculate the replenishment?
-Frequency of usage of customer.
-Specific items for each customer we have.
Programs used in your business for statistics?
-Python, R, used open sources.
Data Discovery-Graybar
-team of 12 responsible for a variety of projects spanning supply chain, marketing, HR and finance.
1. Market basket analysis for product placement
-250+locations; 900000 SKUs; 100000 nationally stocked SKUs.
How do we determine what to stock and where?
2. Material velocity
-used k-means clustering to divide materials into clusters(A-D) to inform stoking decisions (looking at stock-transfers in particular)
objectives:
-use these clustering labels to evaluate new item requests from the field.
-5% of SKUs account for 90% of total units sold
-19% of SKUs account for 90% of total COGs
-40% of SKUs sold at only 1 location
-26% of SKUs have very inconsistent sales