Streamlining Supply Chain, using Big Data Analytics
The terabytes of unanalyzed data, the growing operational cost, the incapacity to meet the mounting requirements/day, ill-tting replenishment strategy, incompetence to meet emergency requirements and the inadequately utilized warehouse space was a growing concern for the company.
In order to retain faithful customers, its industry headship and reduce its supply chain’s operational expenditure, the company required to: (a) Move up Fulllment commitment from 85% to 99% (b) Meet emergency requirements overnight (c) Reduce Inventory Carrying Cost to half (d) Utilize meritoriously its Logistics Network by eliminating FLCs, reducing the Logistics Centers from 53 to 12 (e) Transition from Monthly Replenishments by Transporter to Weekly Replenishments by Courier (f) Effectually handle 350,000 parts transactions per month (g) Effectively deal with 32,000 SKUs of Spares Parts and Consumables (h) Guarantee that Engineers and Customers get spares and consumables when required, certainly on the same day.
HOW INFOVISION HELPED
InfoVision with its competence of establishing benchmark practices for Supply Chain with its Data Architects and Data Scientists, worked on the same day delivery through meticulous material planning at different levels of Warehouse – National, Regional, Branch, Satellite, Van and Bike. Exhaustive plan for stocking level of spares and consumables were drawn up based on the consumption pattern at each location and correlated to machine usage volumes in addition to environmental conditions. The core of all planning remained to ensure that Engineers and Customers obtain spares and consumables the moment they required it, on the same day, with the benet of no excess stocks and minimal inventory carrying cost.
By reducing Inventory carrying cost by dropping days of stock, huge nancial savings was accomplished while keeping intact the fulllment service levels.
Infovision’s competence (a) Improved fulllment commitment from 85% to 99% while meeting emergency requirements overnight (b) Reduced Inventory Carrying Cost to half (c) Utilized meritoriously- its Logistics Network by eliminating FLCs, reducing the Logistics Centers from 53 to 12 (d) Transitioned from Monthly Replenishments by Transporter to Weekly Replenishments by Courier (e) Effectually handled 350,000 parts transactions per month (f) Effectively dealt with 32,000 SKUs of Spares Parts and Consumables (g) Guaranteed that Engineers and Customers get spares and consumables when required, on the same day