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 Plan2Execute team worked with the client’s management and planning teams to understand the fundamental 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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Get what you want – All or some
Pay for functionalities you need and use – mix and match relevant functionalities across planning, operations, warehousing and transportation in one seamless platform at the price of one system. Don’t pay for entire WMS, TMS and planning systems while using only 20% of functionalities.
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.
Lightening deployment
What usually takes months to implement in traditional enterprise systems, takes weeks to implement in Plan2Execute. Start using the system and realize value faster than ever.
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.