Description
With lack of visibility into the tier-1 supplier, Manufacturing OEMs remain vulnerable to supply chain disruptions. Establishing information exchange on inventory visibility of suppliers along with in-house warehouse inventory visibility would enable OEMs to better plan their plant production, shipment schedules thereby optimizing the end-to-end agile supply chain response.
Challenges
- Only 13% of manufacturers have complete supply chain mapping. Inadequate visibility into supplier inventory leads to production delays and customer dissatisfaction.
- Disjointed inventory management systems worldwide lack integration.
- Manual stocking decisions result in stock-outs, overstocking, or back-orders.
- Around 75% of manufacturers still rely on legacy systems that are not even automated.
Solution Features
- Inventory Optimization & Control.
- Global inventory data on cloud.
- Early warning alerts on upstream suppliers’ risks.
- Track Material Supply lead time.
- Optimizing production planning and scheduling.
- Dynamic Safety Stock Optimization.
- Informed Decision on Purchase Order.
Outcomes
- Improved top line & bottom line with faster time to market due to higher throughput.
- Lower production unused capacity costs with higher inventory visibility.
- High Fill rate due to less stock out scenarios.
- Visibility into Supplier lead time for efficient decision making.
- High Inventory Accuracy with faster reconciliation.
- High Production throughput with higher operational efficiency.