About Client
The client is a USA-based consumer products manufacturer with 500+ distributors and multiple warehouses. They have a strong network of regional and global carriers. The partner manages delivery sprints and complex warehouse operations. The partner also ensures product availability and accurate order fulfilment.
Business Requirement
- Overcome the challenge of manual stock auditing and forecasting for optimized inventory management
- Real-time inventory tracking to prevent excess stock or out-of-stock situations
- Resolve poor or delayed coordination between departments on replenishment planning
- Reduce higher operational costs through efficient inventory management
Our Solution
- Introduction of an advanced Stock Replenishment System (SRS), seamlessly integrating with the ERP and WMS
- Real-time distributor-wise stock availability data for effective, up-to-date inventory management
- Predictive analytics and AI-based forecasting to make informed decisions
- Order processing with automated primary orders and a smooth approval workflow to streamline operations
- Automated reporting and analytics through the DOIMS platform to gain necessary insights
Business Outcomes
- Reduced excess inventory by 20% and carrying costs by 15%
- 25% reduction in production delays and better utilization of resources
- Reduced stockouts by 40% and excess inventory levels by 25%
- Enabled better collaboration and reduced overstocking by 30%
- 15% reduction in overall operational costs