Lifecycle forecasting, inventory management thru PO creation

A sophisticated consumer electronics manufacturer was struggling to forecast a significant portfolio of long lead times and short product lifecycle items. Excess inventory and stockouts were rampant across platforms. Unpredictable growth combined with high seasonalities further complicated inventory management. Revenue targets were missed and growth was difficult to support. The Oφ team worked with the client’s management and planning teams to understand the fundamantal drivers of business (macro & micro) and created a custom adaptive algorithm that substantially improved forecast accuracy. Streamlined planning process made the transition painless. Customized and tailored forecasting algorithm was the key to success.

Benefits include

22% reduction in inventory on average in the first year
Improved on time ship performance from under 65% to over 85%
Complete visibility to all inbound inventory and demand allowed forward allocation
A 30 – 40% reduction in personnel time on mundane activities and the ability to cross train among peers in the team

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Enthusiastic Adoption

From the functionalities to the user interface – everything is designed to suit the customer based on input from the potential users. The adoption of the system is immediate and natural with little training or change management

Universal Data

One system enables universal data collection across the entire supply chain, simplifies access and enhances data integrity. Customers can quickly and easily access all relevant supply chain data in one place.

Finger-tip Analytics

Our advanced analytics and planning engines leverage data in the Universal data layer. Deeper insights across the entire supply chain generate actionable recommendations that benefit the global organization rather than local functional departments.

Collaborative Problem Solving

Seamless unification of processes across different functional areas provides real-time visibility into cross-functional decisions as they happen and promotes enhanced collaboration.

Exception Based Management

Important exceptions are identified and presented to the stakeholders in an actionable way. Inadequate stock, order end-dates, delivery delays etc. are promptly flagged. Exceptions warrant human intervention. The system takes care of the mundane.

Real-time Visibility and Response

Users get real-time visibility into the progress of processes and can flag, analyze and respond without delays. We enable complete control and seamless cross communication across functional silos to avoid latency.