Material Requirement Planning and Benchmarking
Optimize material requirement planning and benchmark suppliers to save costs, enhance supplier performance and increase efficiencies.
With raw material costs continually rising, it has become imperative for companies to find ways to reduce manufacturing costs while not compromising on the material quality. Quantzig’s supplier benchmarking solutions enables companies to evaluate their suppliers against an agreed set of criteria such as material quality, material price, documentation, business ethics and not just select the best suppliers for them, but also build on their existing relationship and review, rate and develop existing supplier performance.
To combat bottlenecks like material shortages, rising interest rates, finished good inventories, and order cancellations, and scheduling inefficiencies, all of which have a direct impact on profits, companies are turning to smart material requirement planning. Raw material planning correlates the demand for raw material, parts, and components directly with the demand for the end product. This not only ensures cutting of unnecessary operational expenses, but also makes the manufacturing operations process more efficient.
Core Capabilities
Supplier Benchmarking
Supplier benchmarking helps companies score each of their suppliers based on their performance on pre-decided benchmarks. This score, when recorded and analyzed, enables them to track changes and trends in the supplier’s performance and evaluate multiple suppliers simultaneously.
Quantzig’s supplier performance benchmarking solutions allow companies to create an intelligent, open supply chain, encouraging review and interaction. It also enables companies to drive performance improvement by continual benchmarking, 360-degree reviews, and finding new suppliers.


Raw Material Planning
Optimal raw material planning ensures that the right amount of raw material is available for the production process exactly when it is needed, and at the lowest possible cost, which leads to improvement in the efficiency, flexibility, and profitability of manufacturing operations.
Quantzig’s raw material planning solutions enable companies to improve product quality, minimize material and labor costs, make workers more productive, and make the manufacturing operations process more agile and responsive. Companies are able to respond more quickly to a steep increase in the demand for their products and avoid inventory stockouts and production delays, which would otherwise lead to lost sales and potential loss of loyal customers.
We help you take a closer look at your raw material planning and benchmarking processes and point to the bottlenecks and inefficiencies that lead to excess operational expenses and slower, inflexible operations that are not capable of responding to take dynamic demand/supply fluctuations.
Request a free proposal to learn how Quantzig enables companies to enjoy productivity gains through advanced analytics solutions that reduce raw material costs and enhance the performance of their manufacturing operations processes.
Our Latest Articles
Supply Chain Analytics and its Importance for Businesses
Supply chains generate massive amounts of structured and unstructured data, which, when used efficiently, can enable organizations to gain intelligent, actionable insights. Traditional supply chains, that do not make use of data analytics are siloed and slow-moving,...
What are the Undeniable Pricing Analytics Benefits for Business?
Benefits of Pricing Analytics S NoPricing Analytics Benefits1.Identifying Pricing Opportunities2.Planning Pricing Strategies and Promotions3.Improves Operational Efficiency4.Getting Stakeholders to Buy into the Pricing Strategies5.Optimize Pricing The Need for Pricing...
Four Metrics in the Telecom Industry to Make Smart Decisions
What you can expect from the Telecom Analytics Metrics Article IntroductionTelecom Analytics Metrics Highlights of the Telecom Analytics Metrics Article S NoTelecom Analytics Metrics1.Average Revenue Per User (ARPU)2.Minutes of Usage (MOU)3.Churn Rate4.Subscriber...