Tag: supply chain management

Supply Chain Network Optimization

Supply Chain Network Optimization Helped an Apparel Manufacturing Company to Improve Operational Efficiency and Enhance Profit Margins by 35% | Quantzig’s Success Story

A leading apparel manufacturing company in the U.K was facing several predicaments due to the growing complexity of its global supply chain network. With the expansion of its customer base globally, the company wanted to make its network operations more flexible, efficient and responsive to dynamic business scenarios. That is why they approached Quantzig to leverage its expertise in offering supply chain network optimization solutions to redesign its supply chain to manage complexities and improve operational efficiency.

Today it has become highly crucial for businesses to optimize the flow of goods within their supply chain network to increase savings on procurement cost and improve service efficiency. While focusing more on improving service levels and reducing working capital, businesses generally fail when it comes to   aligning their network optimization programs with long-term business goals. Supply chain network optimization solutions help businesses to design, build and manage an enterprise network that not only supports but helps continually foster profitable growth. Our structured approach to supply chain network optimization helps companies in reducing end-to-end supply chain costs including purchasing, production, warehousing, inventory and transportation, while significantly enhancing profit margins and service levels.

Our robust network optimization solutions help companies to proactively identify improvement areas in both the upstream and downstream supply networks. Request a FREE proposal to gain in-depth insights into our portfolio of supply chain network optimization solutions.

Business Challenge

The client, an apparel manufacturing company based out of U.K, was looking to develop an ongoing capability to evaluate business and environmental changes that were affecting their supply chain. Also, the client wanted to identify the optimal number of warehouses that would help them in minimizing distribution costs and fulfilling customer demands. They approached Quantzig to leverage its network optimization capabilities to address their core business challenges and improve profit margins.

Our supply chain analytics experts can help you optimize the efficiency and capability of your network management systems, methods, and processes. Get in touch with them right away!

Solutions Offered and Value Delivered

Quantzig’s supply chain network optimization experts adopted a comprehensive approach to understanding the client’s profitability targets and growth ambitions. This engagement included several phases that started with a detailed evaluation of the current supply chain performance of the client. With this insight, our supply chain analytics experts made recommendations for improving the efficiency of supply chain operations. Also, by analyzing and extracting insights from the client’s internal supply chain data, our supply chain analytics experts were able to uncover several cost-saving opportunities during the evaluation phase.

Quantzig’s supply chain network optimization solutions also helped the client to:

  • Optimize resources and raw materials in the upstream supply network
  • Achieve significant improvements in performance by shortening the internal clearance processes
  • Improve profit margins by 35%

Supply chain network optimization can help in improving logistics and supply chain operations across industries. Wonder how? Request a FREE Demo below.

supply chain analytics

Supply Chain Analytics Engagement Helped a Leading Food and Beverage Manufacturer to Identify Potential Savings Worth Around $3M- Quantzig’s Success Story

The client is a leading food and beverage manufacturer based out of Sweden. With a considerable number of manufacturing units spread across Europe, the client was facing predicaments such as lack of visibility through their supply chains, over and understock inventory. Therefore, they approached Quantzig to leverage its expertise in offering supply chain analytics solutions, to track their products through all stages of the supply chain and enhance their approach to supply chain management.

Business Challenge

With the constantly evolving economic and geopolitical environment, businesses cannot afford to not know their supply chain processes in detail. This holds true for food and beverage companies as they deal with trend-driven products, where in addition to the supply chain hitches, they are consistently exposed to dynamic fluctuations in consumer demands and markets trends. Furthermore, such factors leads to unforeseen supply chain interruptions and a shortage of raw materials.

The client, a leading food and beverage manufacturer, faced multiple supply chain challenges due to their inability to make sense of the plethora of data from suppliers and external third-party sources. They approached Quantzig to leverage its supply chain analytics expertise.

Quantzig offers a comprehensive portfolio of customizable supply chain analytics solutions to help companies improve supply chain management, reduce wastage, and excess inventory costs. Request a FREE proposal to gain better insights.

Top Challenges Faced by the Client

Problem Statement 1:

The food and beverage manufacturer faced predicaments in identifying supply chain risks and opportunities due to their inability to combine real-time datasets with market insights. As a result, their market expansion efforts were getting hampered.

Problem Statement 2:

Due to the lack of historic datasets related to suppliers, the client found it challenging to track and control inventory in warehouses and stores.

Problem Statement 3:

The third challenge that the client faced was to combine the dynamic demand signals with real-time market insights to make data-driven supply chain decisions and to proactively respond to the changing market needs.

Supply chain analytics experts at Quantzig help leading organizations to analyze dynamic demand patterns and improve supply chain visibility. Get in touch with them right away!

Solution Offered and Value Delivered

Phase 1:

The first phase of this supply chain analytics engagement revolved around supply chain risk analysis. In this phase, our supply chain analytics experts helped the client to gain insights into historic supply chain information by region, vendor, and product hierarchies. The extracted data was then contextually juxtaposed with external risk and cost factors. This, in turn, empowered the client’s sourcing team to make better supply chain decisions.

Phase 2:

In the second phase of this engagement, the supply chain analytics experts developed a customized dashboard to help the client track and control inventory in the warehouse. The use of advanced analytics dashboards  empowered the food and beverage manufacturer to precisely track and monitor supplier performance. Furthermore, this helped the client’s sourcing team to drill down to the root cause of performance inadequacies 

Phase 3:

The final phase in the supply chain analytics engagement focused on improving supply chain visibility. Quantzig’ supply chain analytics experts helped the client to gain real-time visibility into their supply chain processes and identify potential risks that could impact their ability to deliver the right product at the right time.

 

With the help of customized analytics dashboards, the client gained detailed insights into their inventory levels, order status, and market demand in addition to supply chain processes. By gaining in-depth supply chain insights, the food and beverage manufacturer was better positioned to tackle supply chain disruption, understock and overstock situations. The offered solution also helped the client to identify potential savings worth around $3M by reducing distribution costs and enhancing the flexibility of the supply chain.

Synchronize demand planning with production and adjust to changes in available materials with the help of our customizable supply chain analytics solutions. Request a FREE demo now.

Why choose Quantzig as your next analytics partner?

Supply chain analytics is the need of the hour in today’s complex business scenario. Though food and beverage industry players have been adopting new ways to implement analytics and improve supply chain efficiency. Not many have been successful in adopting and implementing a process that leverages analytics to draw insights from supply chain data. We, at Quantzig, can help you identify new opportunities within the supply chain and benchmark costs across each of the supply chain nodes. Also, Quantzig’s supply chain analytics expertise can help you design and implement optimal purchase processes by offering the ability to discover potential opportunities in the new market.

To learn more about how our supply chain analytics solutions can help you reduce maverick spend and improve supply chain management capabilities, request for more information below.

supply chain analytics

How Supply Chain Analytics is Paving the Way for Lean Supply Chain Operations? : Quantzig’s Success Stories

Quantzig, a leading analytics advisory firm that offers customized analytics solutions, has announced the launch of their latest newsletter on benefits of supply chain analytics solutions for businesses today. Supply chain analytics acts as a nexus between industries and the gigantic troves of supply chain information lying at their disposal. Supply chain analytics solutions  help businesses identify new opportunities within the supply chain and benchmark costs across each of the supply chain nodes.

Quantzig offers a comprehensive portfolio of customizable supply chain analytics solutions to help business leaders improve supply chain planning, reduce excess spend, reduce wastage and excess inventory costs, improve the demand forecast, demand planning process, and the capacity planning process.

Reducing distribution cost by about $8M for a leading sports brand:

Identifying supply chain opportunities and risks by combining real-time datasets is a daunting task for businesses. A leading sports brand was finding it difficult to gain access to historic datasets related to suppliers, costs, and overall business outcomes. They wanted to combine the dynamic demand signals with real-time market insights to make crucial supply chain decisions and proactively respond to the changing needs of the market.
Quantzig’s supply chain risk analysis solution helped the client to gain access to historic supply chain information by region, vendor, and across all product hierarchies. The solution offered helped the client’s sourcing teams to better analyze the performance data of suppliers and drill down to the root cause of performance inadequacies. By leveraging Quantzig’s supply chain analytics solutions, the sports brand was able to improve the flexibility of the supply chain and reduce distribution cost by $8M.

Minimizing inefficiencies in  supply chain management:

Are obsolete inventory management systems leading to poor business outcomes? If yes, then you must read our success story to learn how we helped how we helped a food and beverage industry player gain control over their inventory to keep food distribution safe and efficient.
During the course of this engagement, our supply chain analytics experts developed a customized dashboard to help the client gain actionable insights and optimize their supply chain operations. This further helped the food and beverage company to enhance supply chain management efficiency by combining descriptive and predictive data sets to regulate the consequences of different choices of action.
Gain better visibility into supply chain processes and improve operational efficiency by putting your real-time data to work. Get in touch with the experts.

Improving demand forecasting efficiency through supply chain analytics solutions:

Building an effective demand forecasting model is no more a myth. This success story by Quantzig is the best example of  this where one of its clients faced a similar predicament but realized a major improvement in their capabilities to forecast demand with a suitable demand forecasting model.

By leveraging Quantzig’s supply chain analytics solution, the client, a distilled spirits manufacturing company, was able to overcome challenges that were affecting on-time and in-full delivery. Also, a multi-source data integration solution by Quantzig helped them to gain an end to end visibility on supply journey of each product right from manufacturing to order delivery.

Request a free demo to gain real-time insights on the position of your assets with the help of our supply chain analytics solutions.

Monitoring vendor risks and minimizing inventory levels:

Measuring the supply chain and vendor performance to increase profitability has become one of the major roadblocks for many companies. Supply chain analytics solutions may hold the key to success. Take a quick look at our recent case study to understand how we helped a processed food retailer to optimize their existing logistics and route operations to minimize inventory levels and monitor the vendor risk and performance.

The client was facing several predicaments in monitoring and tracking their supply chain processes. Factors such as these, along with a decline in profit margins impelled them to leverage analytics to monitor inventory levels/avoid out-of-stock scenarios. Our supply chain analytics experts adopted a comprehensive approach that helped them to reduce costs associated with the supply chain and drive sustainable development. Also, the processed food retailer was able to develop robust supply chain strategies that helped them to serve the needs of the customers and maximize overall profitability.

 

Supply Chain Network Optimization

Supply Chain Network Optimization: Key to Boost Supply Chain Results

What is Supply Chain Network Optimization?

Supply chain network optimization is an advanced analytics approach that aims to optimize supply chain functions by offering a holistic view of the end-to-end supply chain operations. Companies can develop powerful network optimization capabilities to align the supply chain network to long-term business goals and reduce costs and maximize output with the help of supply chain network optimization. Also, it helps in improving service levels and reducing working capital across the end-to-end distribution network.

At Quantzig, we aim at developing dynamic supply chain network optimization capabilities that help businesses to realize the true potential of their existing supply chain networks. Additionally, our supply chain analytics solutions help in focusing on reducing complexity, downtime, and cost through automation, orchestration, analysis, and technology investments.

Request for FREE Proposal to gain better insights into our portfolio of supply chain analytics solutions.

Supply Chain Network Optimization Best Practices

Drive clarity of supply chain needs

For any business, it is important to have 360-degree visibility into overall supply chain network design exercise. Each part of the supply chain network optimization hierarchy has its own needs and requirements. A top-down approach can help if a comprehensive supply chain network design exercise is contemplated. This approach offers a long-term framework in a time-phased manner, which acts as an input to tactical planning. Tactical planning decisions can further help in structural and operational policy decisions in a given supply chain model framework.

By optimizing the efficiency and capability of your network management systems, we ensure that your infrastructure investments provide maximum returns. Get in touch with our experts to know more.

Adopt a two-stage optimization approach

Companies should adopt a two-stage approach for supply chain network optimization and design exercise. These two approaches are:

Funnel Approach: Companies usually work with several products, processes and facilities to achieve the designed future target. This results in the creation of multiple scenarios. To achieve results faster, companies need to limit the number of scenarios to enable optimization. This can be achieved by using the KPIs set for a strategic network optimization exercise, such as investment cost, cost of ownership, ROI, etc.

Sensitivity analysis: The second approach revolves around leveraging what-if analysis before finalizing the strategic recommendations, through multiple scenario analysis based on possible changes in demand, cost inflation,  deflation, and fiscal policy.

Our supply chain network optimization solutions portfolio is committed to ensuring that your network meets the supply chain requirements. Request a FREE demo now!

Frequency of a supply chain optimization exercise

Companies need to review their key metrics and goals against existing supply chain networks periodically. Since supply-side capabilities and demand environment are dynamic so doing an annual review on key operating needs like inventory management can offer visibility into network performance. Also, it can help companies in translating network data into actionable business insights, improving their network management capabilities.

Want to learn more about best practices for supply chain network optimization? Request for more information below.

supplier performance management

Top 4 Benefits of Supplier Performance Management

What is Supplier Performance Management?

Supplier performance management is defined as a process that helps businesses to analyze, measure, and manage the performance of their suppliers. This helps them to cut costs and drive continuous improvements in supply chain operations. Supplier performance management involves activities that aim at improving the performance and capability of suppliers. Also, it ensures that both parties share in the benefits of better quality and performance, shorter cycle times, and lower costs.

By leveraging supplier management solutions, businesses can identify potential issues and their root causes. Companies mostly rely on timely delivery, price reduction, and service quality offered by their suppliers in order to gain more profit. Therefore, supplier performance management directly impacts the quality of the whole supply chain, making it important to establish an efficient mechanism to ensure the quality of services or products offered. Through supplier performance management, companies can eliminate suppliers who fail to comply with performance requirements. Supplier performance management helps in setting the stage for suppliers to understand the needs and expectations of customers. As a result, a strategic partnership can be built, resulting in an increase in suppliers’ performance and competencies.

Supplier performance metrics brings together the components of risk management, metrics management, supplier segmentation, and consequence management. This can help actively manage important supplier relationships in a consistent manner, providing actionable data to facilitate supplier selection.

Gaining 360-degree visibility into supplier performance and contractual agreements is difficult for businesses. But we are here to help. Get in touch with our experts right away.

Benefits of Supplier Performance Management

Avoid supply chain risk and disruptions

For businesses, it is important to be familiar with third-party vendors in their supply chain. This helps them to put measures in place to prevent interruptions and reduce the incidence of risk exposure. Supplier performance management offers in-depth visibility into the risks that can be posed by suppliers in the overall supply chain network. As a result, businesses can adapt to preventive measures to reduce or eliminate the risks that can disrupt the supply chain operations in the future.

Quantzig’s supplier management solutions can provide you a portfolio of capabilities that enable you to start building on supplier strengths, even before they’re fully onboarded. Request a FREE proposal to know more.

Improve brand reputation

The actions of suppliers may tarnish the brand image of companies. This is where supplier performance management can help. By leveraging supplier management solutions, businesses can track their suppliers’ performance against the KPIs and enact corrective actions early. This can help in improving brand reputation in the eyes of the customers.

Avoid costs and achieve savings

Lack of accurate and timely supplier information can have a huge impact on costs and savings. Supplier performance management can also help businesses in tracking a variety of cost factors that can contribute to savings achievements. Also, this can help in centralizing supplier data into a single source for everyone across the organization interacting with vendors.

Our customized supplier management solutions offer end-to-end modularity that can help in better supplier relationship management and ensure compliance and mitigate risks. Request a FREE demo to gain better insights.

Collaborate with suppliers

Collaboration with suppliers helps in creating new value for businesses. Supplier management solutions can help businesses gain relevant information about suppliers that can further pave the way for establishing robust relationships with suppliers. The data collected through supplier performance management solutions can help improve the supply base, create realistic contracts based on past performance, more communication with suppliers, formation of common goals, and the establishment of trust. Thus, supplier performance management can help in establishing meaningful and mutually beneficial relationships with suppliers and improving supplier relationship management.

Want to know more about the benefits of supplier performance management? Request for more information.

purchase order flow management

5 Best Practices to Improve Purchase Order Flow Management

A purchase order is a document that authorizes a purchase transaction. This document mentions product descriptions, prices, discounts, quantities, date of shipment, terms of payment, and other terms and conditions.  When the seller accepts all the terms and conditions mentioned in the purchase order, then the contract becomes legally binding on both the parties. A purchase order is used by the finance department of any company for forecasting and budgeting. Therefore, purchase order flow management becomes very essential for businesses that deal with large volumes of purchase orders. If any business fails at purchase order management, it can lead to chaos in the procurement and finance department. However, streamlining and organizing purchase order flow management is a time-consuming process for businesses. In this article, our supply chain analytics experts have highlighted a few best practices, implementation of which can help companies to improve their efficiency within their purchase order flow management process.

We understand that manual purchase orders are inefficient and time-consuming to maintain, which is why we have developed advanced analytics solutions to help you tackle this challenge. Get in touch with our experts right away.

purchase order flow management

Best practice #1: Assess existing workflow

For your purchase order management system to work efficiently, you need to track and analyze the existing process as designed and used on a day-to-day basis. An in-depth analysis of purchase order workflow can help you identify bottlenecks in the manual purchase order system. Also, it can guide in planning the purchase order lifecycle and can further help in addressing other inefficiencies in the business operations.

Best practice #2: Establish a central supplier directory

Establishing a central supplier directory can be a significant step towards improving purchase order flow management. This can help in enhancing the quality of information about different suppliers as well as communication across the different levels of an organization. Centralized repositories can further help in reducing the level of effort needed to retrieve and manage information throughout the organization. Additionally, it provides quality information leveraging which data analytics experts can visualize and implement strategic improvements.

Quantzig’s analytics capabilities help companies analyze the lifecycle of purchase orders, right from the order creation stage to its closure. Request a FREE proposal now to know how.

Best practice #3: Improve authorization processes

Purchase order flow management is sometimes sabotaged by the inefficient authorization process. A disruption in the purchase order management process can occur if manual paper processes are practiced or too many signatures are required on a single purchase order. Therefore, it is important to improve the authorization process.

Best practice #4: Quality Assurance

To have a better purchase order flow management system in place, accurate data entry of purchase order into the system is very important. Businesses should put a series of quality checks in place to ensure that all the required details have been accurately filled. Such details include purchase quantity, price, shipping details and whether the products are taxable or non-taxable.

We help our clients with our purchase order flow management solution to automatically reroute in-transit inventory to wherever it is needed the most. Request a FREE demo below to know more.

Best practice #5: Cancellation Process

To improve the purchase order flow management system, procurement teams in any organization need to be very careful about the cancellation process. They should accept cancellation only when it is properly formatted and documented in an e-mail or a hard copy of cancellation is forwarded to the procurement team from an authorized signatory. This can help in preventing procurement fraud and can help in improving the vendor-buyer relationship.

Want to learn more about the best practices to follow for your purchase order flow management? Request for more information below.

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reverse logistics

Reverse Logistics Management: Top 4 Benefits that Can Help You Boost Your Supply Chain Efficiency

Reverse logistics management is a multi-step process that helps tackle multiple challenges that arise in target market segmentation, logistics routing, and supplier management. Target market analysis for any reverse logistics process has become even more challenging due to the increasing number of customers and their rapidly changing behavior.

Without a robust strategy to conduct target market analysis, business tends to fail at offering complete customer satisfaction. Also, it increases distribution costs and resource investment levels. Therefore, it is very essential for businesses, especially e-commerce, to redesign their reverse logistics system.

At Quantzig, we understand that reverse logistics management enables companies to design and maintain cost-efficient supply chain networks. Additionally, a better reverse logistics system can help companies to improve profit margin and operations. In this article, our team of experts has highlighted a few important benefits and metrics that can help businesses to redesign their reverse logistics strategies and boost supply chain efficiency.

Are you finding it difficult to track shipping and monitor shipping status? We’ll help you. Get in touch with our experts right away.

RLBenefits of Reverse Logistics Management

Customer satisfaction

In today’s digital era, customers are more empowered and informed than ever. Therefore, it is important for businesses to maintain good customer relationships in order to retain customers. With the increasing number of purchases made online, customers expect faster, hassle-free and convenient returns. A good reverse logistics management system can help you enhance customer satisfaction and drive loyalty. Additionally, it helps in controlling costs and improving revenue. Therefore, it is imperative that businesses invest more in reverse logistics analytics solutions that reduce cycle times and improve customer satisfaction levels.

Better ROI

For any business, tracking and maintaining adequate inventory levels is quite an uphill task. Reverse logistics management helps in improving the speed of return and replacement, thereby, reducing the burden on inventory. As a result, the amount of capital hooked up in the inventory will reduce leading to significant improvements in ROI.

Our supply chain analytics solutions can help you identify new opportunities within the supply chain and benchmark costs across each of the supply chain nodes. Request a FREE proposal now to know more.

Improved Environmental Sustainability

Today every company focuses on tracking their environmental footprint. Advanced supply chain analytics solutions like reverse logistics management help companies to implement strategies that are environmentally sustainable. It promises to help companies to reduce the burden on the assets and the resources that are crucial to keep them running.

Metrics to Track Reverse Logistics Management

Companies across industries require metrics to evaluate the progress against its reverse logistics management plan. Such metrics help businesses to measure the impact of returns on the supply chain. Also, they guide companies to analyze the root causes behind low return rates. Today reverse logistics management is fraught with challenges that can curtail your ability to improve logistics processes.  If you’re finding it difficult to quantify the performance of your reverse logistics system, then you must consider the following metrics.

Cycle time: Cycle time is considered to be an important metric for measuring the performance of your reverse logistics system. If the return processes are standardized and streamlined, the return cycle should be short and “hassle-free”.

Amount of product reclaimed and resold: For a better reverse logistics system, it is important for companies to track the percentage of the reclaimed and resold product. Also, this metric helps in estimating the total recaptured value.

Percentage of material recycled: This metric in reverse logistics management helps in tracking the percentage of recycled product in the stream of reverse logistics. Furthermore, this helps in inventory optimization and better supply chain management.

Request a FREE demo below to know how our customizable supply chain analytics solutions can help you reduce excess spend, resource wastage, and inventory costs.

Waste: For any reverse logistics system, it is important to track the products that get disposed of as waste. This helps in adopting an approach that can help with waste management.

Percentage of cost recovered: Another important metric in reverse logistics management is the percentage of cost recovered from the items returned by customers. This can help in analyzing the profitability of a product that did not sell well and therefore companies can take preventive measures to avoid such loses.

Total Cost of Ownership: This is one of the most significant metrics in reverse logistics management. It not only helps to estimate the total cost of ownership in acquiring the product but also helps to measure the total cost incurred in reselling the product.

Quantzig’s Advantage

Quantzig helps its clients with its customized supply chain analytics solutions to proactively reduce their volume of returns, protect their brand and maximize return on asset. Our best-in-class reverse logistics management solutions and years of operational expertise help businesses to enhance performance and profitability. Our analytics experts help businesses to create an ROI-focused strategy that is fueled by unparalleled analytics solutions that offer insights into supply chain processes. Also, our seasoned analysts help companies to identify actionable opportunities for inventory optimization, waste reduction, and profit maximization through data collected across the product lifecycle. We offer real-time insights driven by data trends through our customized analytics dashboards that further helps businesses in data-driven decision making and enables them to tackle complex supply chain management challenges.

Want to know more about the metrics that can help you manage your reverse logistics process? Request for more information below.

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logistics management

Secret Tips to Improve Your Working Capital Management

Working capital is an essential metric across industries that helps in assessing the financial health of any business in the long-term. It can be measured by comparing its current assets to its current liabilities. Also, it indicates the level of short-term liquid assets after short-term liabilities are paid off. Effective working capital management ensures adequate cash flow is maintained by businesses, helping them meet their short-term undertakings. If a company fails to manage its net working capital effectively, it can result in cash flow problems such as liquidation of assets, legal troubles, and potential bankruptcy. Therefore, effective working capital management should be one of the top priorities of businesses. Here are some of the effective tips that companies can follow to improve their working capital management.

Working capital management can help companies in enhancing the visibility of key-value KPIs such as turnover ratios and cost benchmarking. Want to know how? Get in touch with our experts right away.

Tips to Manage Your Working Capital Effectively

Tip #1: Optimize inventory and manage procurement

Inventory management plays a crucial role in making the most of your net working capital.  If stocks are in excess, this can impact the cash resources of any business negatively, whereas, insufficient stock can lead to loss of sale and damage relationships with customers. One of the major challenges that companies face is having optimum levels of stock. Also, companies should focus on establishing better communication between departments to avoid unnecessary levels of stock.  All these measures can ultimately help in improving their approach to working capital management.

Tip #2: Pay vendors on time

The analysis of working capital levels shows that companies that pay on time establish better relationships with their vendors. Also, such companies can crack better deals, discounts and payment terms. It acts as a counter-intuitive approach to working capital management. If suppliers are happy, it can help in saving costs significantly in the long run by securing larger discounts in bulk orders and maximizing the credit period.

Quantzig with its expertise in working capital solutions helps its clients to satisfy both maturing short-term debt and upcoming operational expenses. Request a FREE proposal to gain in-depth insights.

Tip #3: Make informed financing decisions

Managing working capital enables companies to make better, strategic investment decisions. This can help in driving operational performance and efficiencies. On the other hand, unavailability of sufficient operating liquidity due to unpaid invoices or assets being tied up in the inventory can impact cash flow heavily. Therefore, to improve working capital management informed decision making is very important.

Our supply chain analytics solutions help companies optimize working capital and boost bottom line results by improving their supply chain efficiency. Request a FREE demo to know more.

Tip #4: Manage debtors effectively

For effective working capital management, it is crucial to managing expenses. For this, businesses need to reassess their credit terms with debtors to make sure they are not given too big a window for payment. Companies should necessarily review credit terms to ensure that the level of credit being offered to debtors is coordinated with its cash flow needs.

Are you looking for more useful tips to manage your working capital? Request for more information below.

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creative media

Analyzing and Visualizing Demand Across Regions and SKU’s with the Help of a Supply Chain Management Dashboard | A Case Study on the CPG Industry

The client is a leading manufacturer and supplier of consumer packaged goods with several business units spread across Germany. With market expansions efforts in full swing, the client faced major OTIF delivery issues due to lack of complete supply chain visibility and poor coverage rates. Though the company achieved substantial growth through mergers and acquisitions, their inability to address the supply chain issues proved to be a major roadblock for future expansion initiatives.

The Business Challenge

The supply chain of modern enterprises does much more than just physically transporting products and raw materials from one place to another. The digitally unified world today requires supply chains to act as the nexus between a digitally coordinated information ecosystem and the network of suppliers in order to enhance visibility, transparency, and flexibility. However, with the ongoing digital disruptions and globalization, businesses are reeling under the pressure to enhance supply chain visibility, which in turn has increased customer expectations and stretched supply chains to the farthest reaches of the planet. In fact, customer demands for faster response times now represent one of the top challenges for the effective supply chain management.

Gain a holistic view of your datasets with customized supply chain management dashboards. Contact our experts right away!

Top Challenges Faced by the Client

Owing to their continuous market expansion efforts the CPG firm experienced increasing degrees of supply chain complexities along with a surge in costs for several years but did little to address the issues. The fragmented and decentralized nature of its supply network was mainly because the client lacked the basic analytics capabilities and a supply chain analytics dashboard to track supply chain processes.

Problem Statement 1

With order volumes exceeding millions and an average of 10,000+ monthly orders, the client needed to establish a robust supply chain management dashboard with different routing capabilities to track and monitor orders from different locations. The client’s current supply chain management approach offered limited insights into such processes, giving rise to several issues related to OTIF deliver.

Problem Statement 2

The client’s supply chain management strategy clearly did not offer the required insights into the supply chain processes to facilitate informed decision making. This proved to be a major challenge as it required the client to devise a holistic approach to enhance supply chain visibility across their global network.

Problem Statement 3

With a vast product portfolio and several different product categories under its umbrella, the client faced several challenges that hindered growth. The client needed to develop a supply chain management dashboard that compasses enterprise-level capabilities, technology, analytics, and data management skills to efficiently tackle supply chain disruptions.

Take Your Business to a Higher Level With the Help of Customized Supply Chain Management Dashboards

Request a FREE proposal to know more about our supply chain management solutions. 

Solutions Offered and Value Delivered

To gain the desired insights and tackle the complexities, the supply chain analytics experts at Quantzig adopted a comprehensive three-pronged approach that revolved around leveraging advanced supply chain management solutions.

Phase 1

The initial phase of this engagement focused on the development of a robust supply chain management dashboard to track and monitor OTIF performance across different nodes.

Phase 2

In the second phase, a dedicated team of supply chain management experts and data analysts were assigned the task of developing a supply chain visibility model to gauge the impacts of OTIF failures.  

Phase 3

The third phase of this supply chain analytics engagement revolved around implementing a system dynamics-based simulation model to accurately predict the probability of OTIF failures in different scenarios.

Want more information on how supply chain management dashboards can help you drive tangible results across the entire supply network? Our experts are here to help you!

The supply chain management dashboard along with the robust supply chain solutions empowered the client to enhance end-to-end supply chain visibility across different product categories. The supply chain management dashboard also helped the client to accurately identify and prioritize scenarios that would lead to a higher probability of OTIF failures. By enhancing supply chain visibility, the client was able to accurately predict the probability of delays in the delivery process and make informed decisions regarding corrective actions. The customized supply chain management dashboard also offered a comprehensive view of delivery performance along with in-depth insights into the impact of late deliveries. This further empowered the sales and operations teams to redesign their approach to supply chain management, enabling them to split and re-allocate deliveries to get OTIF back on track.

The supply chain management dashboard also enabled the client to:

  • Improve OTIF delivery for outbound supply chain by 89%
  • Improve OTIF delivery for inbound supply chain by 80%
  • Gain near real-time visibility of orders across the supply chain

What are the Key Elements of Supply Chain Management?

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