Our solution ensured that our client could observe and maintain sufficient stock of products and components for two or more months into the future. Also, it allowed early detection of backorder risks and made it possible to take timely preventive actions, ensuring on-point order delivery. This solution helped our client better manage new product delivery ramp-ups or build component availability projection scenarios, which also accounted for expiring inventory. Furthermore, this tool helped determine the current inventory costs in each warehouse and the cost per unit of all the available items within. All of this combined allowed the supply planners to make detailed and more accurate forecasts and projections.
With our Risk Management solution, our client was finally able to have a 360 view of their actively used warehouses around the globe. It allowed them to better plan their stock availability ahead of time and intercept any issues before they have any actual impact. These forecasts also help save the company’s regional and global supply planners and controllers 12 hours every month in information gathering and availability calculations. This was further supported by the fact that all the data was available in a single app with a super user-friendly and easy-to-use interface.