Supply Chain Optimization – Stock Management
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Case Details
Industry: Heavy Machine Manufacturing
Solutions Offered: OutSystems
Tags: Supply Chain Management
Project Duration: 3 Months
Client Website: Pixelartteams.com
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Client
A pioneer in Heavy Machine manufacturing in India, embarked on a journey of optimizing the supply chain and improve Stock management. This case study outlines the strategic initiatives taken to automate the Supply chain and Optimise the supply chain.
The Before
- The company experienced discrepancies in stock counts due to a manual stock management system.
- Overstocking resulted in high storage costs, while understocking led to production delays and missed customer deliveries.
- The lack of integration between stock and sales data obstructed predictive planning and created operational challenges.
Challenges
- Inaccurate stock counts resulting from manual processes.
- Frequent overstocking, resulting in excessive storage costs
- Understocking leading to production delays and missed customer deadlines
- Absence of integration between stock and sales data, hindering predictive
planning.
Transformations
- A unified stock management system providing real-time updates E-warranty registration linked to invoice data for seamless tracking.
- Alerts activated when stock reaches minimum levels to avoid stockouts
- Proactive management through set-up notifications and alerts.
- Integrated systems supporting real-time, data-driven decision-making
Results Achieved
- Reduction in Overstocking: Overstocking decreased by 45%, leading to reduced warehousing costs.
- Improved Stock Visibility: Real-time stock tracking accuracy reached 90%.
- Enhanced Operational Efficiency: Automation of e-warranty registration improved efficiency by 60%,cutting down manual workload.
- Collaboration: Synergy between logistics, supply chain, and warehouse operations improved by 45%.
- Improved Reporting and Forecasting: Reporting and forecasting accuracy increased by 50%.
