A large manufacturing corporation with a global presence, headquartered in Canada, was facing complex challenges in its supply chain management.
Hours delivered back to the business
SOX compliance in Settlement process automation
Success rate of bot case completion
For functional release of OBT, RTS and OGS
The Chalange
The client’s supply chain operations were marked by various challenges:
Inventory Management: Maintaining optimal inventory levels across multiple global locations was challenging, often resulting in overstock or stockouts.
Supplier Collaboration: The lack of real-time communication and collaboration with suppliers led to delays in procurement and production.
Demand Forecasting: Inaccurate demand forecasting caused inefficiencies in production planning and resource allocation.
What did
SynergyTech IT Solution do
SynergyTech IT Solutions was engaged to overhaul the client’s supply chain management processes and systems.
Supply Chain Visibility: A comprehensive supply chain visibility platform was implemented, allowing real-time tracking of inventory, orders, and shipments across the global network.
Supplier Integration: Supplier integration portals were developed, enabling seamless communication and collaboration with suppliers, streamlining procurement processes.
Predictive Analytics: Advanced predictive analytics models were employed to improve demand forecasting accuracy, helping in better production planning.
Inventory Optimization: Inventory management software was introduced to optimize stock levels, reduce carrying costs, and prevent stockouts.
Automation: Manual processes were automated wherever possible, reducing human errors and operational bottlenecks.
The Results
- Optimized Inventory
- Streamlined Procurement:
- Accurate Demand Forecasting
- Cost Reduction
- Global Supply Chain Visibility
- Competitive Advantage
