CPG Industry Client leverages Supply Planning Solution to Improve Inventory Management
LONDON: Quantzig, a global analytics services provider, has recently completed their latest supply planning solution for a CPG industry client. The global consumer packed goods (CPG) industry consists of establishments involved in selling toiletries and cosmetics, appliances, and food and beverage. Lately, despite slowing GDP growth and weakening currency values, the CPG industry is experiencing a shift from offline to online channels to gain a stronger foothold in the market.
“Supply planning solutions help CPG companies to identify the type of raw materials, goods, and the quantity to be procured. Furthermore, these solutions help CPG firms in restructuring and augmenting supply chain management activities.” says an industry expert from Quantzig.
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The solution helped the CPG client to predict and estimate the demand for FMCG products accurately and match the requirements of consumers. The solution also helped the client to take into consideration the seasonality, tendencies, and the cost of production to decrease stock-outs.
Additional Benefits of Supply Planning Solution
- Predict customer demand patterns and accordingly meet the production requirements.
- Formulate reliable market forecasts and enhance the customer service levels.
- To know more, request a free proposal