Enhancing accuracy and resolving stock issues to transform supply chain planning

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Reduction of man-power needed to plan

Background

Our client, serves as a one-stop shop for home needs. Offering an extensive range of products and services, ensuring convenience and excellent customer service. However, our client was facing significant challenges in their supply chain management, including a high volume of siloed data, reliance on manual guesswork, and slow planning speeds. To address these issues, they partnered with Keyrus to enhance their end-to-end supply chain planning. The collaboration aimed to improve accuracy in forecasting at detailed levels, resolve stock issues such as overstock and out-of-stock situations, and enable real-time scenario planning. Through the implementation of Anaplan by the Keyrus team, they achieved a deeper level of analysis, moving beyond basic running averages. This transformation allowed them to seamlessly connect different facets of their business, significantly improving their operational efficiency and overall supply chain performance.

Challenge

Our client has consistently aimed to provide convenience and excellence to its customers. However, their rapid growth and expanding operations brought about significant challenges in their supply chain planning processes. The previous approach, which included bi-monthly planning, faced challenges in adapting quickly to market changes. Furthermore, the desire for real-time stock visibility and improved scenario planning prompted them to seek a more efficient, data-driven solution to better support their dynamic operations.

Approach

Keyrus worked closely with the client to define planning hierarchies, build scenario planning capabilities, and ensure all departments had access to the same data. Tailored dashboards and intuitive data visualizations were created to meet the specific needs of different users within the organization.

Key results

Improved Inventory Management: Effective management of overstock and out-of-stock issues.

Enhanced Forecasting Accuracy: Improved demand forecasting and supply planning models.

Real-Time Visibility: Centralized data and dashboards providing real-time insights.

Benefits

The successful implementation of Anaplan brought about significant improvements in our client's supply chain planning processes: - Automated Data Integration: Seamless data push from SAP to Anaplan, reducing manual work and errors. - Centralized Data: A single source of truth for critical data, enhancing visibility and accuracy. - Advanced Algorithms: Core demand forecasting and inventory management engines, freeing the planning team from manual tasks. - Scenario Simulation: Enhanced capability to simulate scenarios and generate actionable insights, shifting planning from reactive to proactive. - Improved Reporting: Tailored dashboards and intuitive visualizations aiding management review and decision-making.