SUTD 40.012 Manufacturing and Service Operations and 40.004 Statistics Project
Project Title: Finding the Optimal reorder quantities of fresh produce products
Description: ValueGreens SG is a fresh fruits and vegetable retailer which takes pride in providing fresh quality produce through careful handpicking of vegetables every morning. The onset of the COVID-19 pandemic resulted in ValueGreens adding an online groceries shopping platform to complement their physical stores. Due to the perishable nature of fruits and vegetables, ValueGreens restocks its inventory daily to ensure freshness and disposes of groceries deemed “unfresh”. Our team was tasked with identifying which products were their more popular products and determining an optimal ordering strategy to minimize wastage and maximize profits.
Read the final report for more information. Also do check out our video at https://www.youtube.com/watch?v=XaTewr4gQ4Q&t=5s
Tools used:
- Excel to do our chi-square testing and inventory modeling
- R for statistical analysis
├───Codes
├───Deliverables
└───Images
├───Miscellanous
├───Plot Images
└───Powerpoint Images- Codes: Contain the Excel and R codes for our inventory modeling and statistical analysis
- Deliverables: Contains our final report and presentation slides
- Images: Contains the supporting files