ATM Cash Replenishment Optimization
ATM providers were struggling with impaired profitability (replenishment cost, finance/Inventory cost, and lost revenue) after cash withdrawal patterns changed post Demonetization. The objective was to optimize the cost of service. First, we forecasted the expected cash withdrawal at ATM/ Day level. Then using this forecast along with other information like cash present in ATM, cash supply reliability, operational reliability, replenishment cost structure optimize the daily fulfillment schedule resulting 18% reduction in ATM servicing cost.