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
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.
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
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.