Qnum Analytics is a bulk inventory management solutions provider. The business currently operates primarily in Sub-Saharan Africa with head office located in Johannesburg, South Africa.
Originally the business was geared towards providing consulting and advisory services to manufacturers and distributors of dry bulk inventory. Over time the team comprising cross-functional expertise in data science, industrial, and finance observed a recurring pain point in the accurate accounting of bulk inventory. The financial penalties and write-offs were a constant feature in all the client environments.
It is then that an inquiry into the traditional stock accounting practices was initiated. The results were unexpected. The traditional stock accounting practices which involve silo dipping, bulk stock surveying, bag counting, and ERP system theoretical inventory tracking all had some error margins which were contributing towards the miscalculation of variances.
The team identified an opportunity to develop solutions that would assist in verifying all inventory movements and measured levels. The team intended to bring a fundamental disruption to the manner in which inventory was being managed in the manufacturing and distribution sector.
The Qnum Analytics team was formed with the core intent of specializing in accounting for inventory in the dry bulk manufacturing and distribution sector
"Creative use of data to develop disruptive technology
"Specialist understanding of industrial value chains, processes, and detailed operational dynamics to develop solutions that are tailored for our target clients
"Technical expertise in dry bulk product material properties which assists in further accuracy in the measurement and tracking of the inventory
"A keen understanding on the financial reporting practices, standards, and regulations for the management of dry bulk inventory