Supply Chain Analysis for a Material Handling Client Helps Improve Forecasting Capabilities
Category Overview In every material handling space, supply chain plays a pivotal role in the movement, protection, storage, and control of materials and products. From the initial stage of receiving the necessary raw materials to the final delivery of finished products, supply chain ensures a seamless and agile movement of products in an efficient and […]READ MORE >>
In every material handling space, supply chain plays a pivotal role in the movement, protection, storage, and control of materials and products. From the initial stage of receiving the necessary raw materials to the final delivery of finished products, supply chain ensures a seamless and agile movement of products in an efficient and cost-effective manner. Also, with the relentless growth in the technology, leading material handling equipment manufacturers are leveraging the use of supply chain analysis to deliver better accuracy in their activities. Supply chain analysis also helps companies keep a real-time track of supply chain activities at every point, thereby creating a flexibility into the movement and direction of the products.
With years of expertise in offering a plethora of services, SpendEdge’s supply chain specialists helped the client determine effective ways to handle the products, in turn, shortening lead time, optimizing cost, and curtailing inefficiencies. Through an effective supply chain analysis, the material handling client was able to improve customer service, reduce inventory levels, and ultimately lower the overall handling costs. Furthermore, the engagement helped the client effectively allocate resources, improve customer delivery, and streamline after-sales support and services.
The Procurement Pain Point and Insights Offered
A renowned material handling client wanted to identify the inefficiencies in their supply chain and devise effective strategies to make it more cost-effective and efficient. Furthermore, the client wanted to forecast the bottlenecks and make it easier to speed up the process.
To forecast accurately and increase the bottom line, SpendEdge’s supply chain specialists carried out an extensive research comprising of interviews and discussions with leading stakeholders in the material handling space. The specialists further compiled information from various proprietary sources such as paid industry databases, company presentations, and newsletters in the material handling space.
After gaining a comprehensive information into the supply chain activities, the material handling client was able to improve supply chain visibility and drive call to action. The client further leveraged the use of agile and scalable tools to improve forecasting ability, reduce lost sales, and reduce cost reduction and cost avoidance.
Key questions answered in this supply chain analysis include
Through a robust supply chain analysis, the client gained a best in class visualization ability of the supply chain activities. The engagement helped the client effectively address the pain points and gain full purchase order visibility. Moreover, the client also identified the prevailing pricing inconsistencies during delivery and was able evaluate the overall vendor and buyer performance.