Inventory optimization maximizes efficiency for a global chemical and consumer durable producer’s inventory

Success Stories

Translytics's advanced algorithm revolutionized a leading global chemical and consumer goods producer to optimize their inventory by leveraging advanced analytics.

Inventory optimization

Translytics's advanced algorithm revolutionized a lubricant producer's supply chain, integrating demand analysis and modeling to streamline operations and improve efficiency

Summary

The customer operates in two business areas: Adhesive Technologies and Consumer Brands. Headquartered in Navi Mumbai, both Adhesive Technologies and Consumer Brands, through the Hair category, have a strong presence in the country. The customer was struggling with their inventory management with majority of cases for excess and obsolete inventory. Through Translytics help, they were able to achieve.

Approx. 10%

Overall reduction in Inventory

Areas of Focus

Inventory driven by S&OP process and MRP calculations/suggestions through SAP
Excess & Obsolete inventory in both FG as well as RM
Client was not able to:
- Find Root causes for wrong inventory decision
- Take Corrective actions when needed to optimize the inventory
- Improve supplier performance

Solution Approach

In response to the customer's specific needs and challenges, Translytics utilized sophisticated inventory analysis and optimization algorithms to conduct a thorough analysis in the following areas:

Understand As-Is inventory planning process
Analyse the gaps in the process
Confirm the process gaps through data using analytics on python
Create a system to generate alerts for:
- when wrong decisions are taken
- when an abnormality in demand is observed which is going to impact inventory
Suggest actions to optimize inventory levels
An intelligent decision-making layer was built both for FG as well as RM inventory

Impact

Once the solution models were finalized and deployed, the customer reaped the following benefits:

Reduced overall inventory by 12%
An intelligent layer was created on top of data layer to generate alerts and actions for better decision making
Customized algorithms capable of capturing external data

Company

Leading global chemical and consumer goods producer

Industry

Chemical & Consumer goods

Shipping Network

PAN India

Association Year

2022

Focused Area

Inventory Optimization

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Success Stories

Success Stories Home » Success Stories » Inventory optimization maximizes efficiency for a global chemical and consumer durable producer’s inventory Translytics's advanced algorithm revolutionized a leading global chemical and consumer goods producer to optimize their inventory by leveraging advanced analytics. Inventory optimization Translytics's advanced algorithm revolutionized a lubricant producer's supply chain, integrating demand analysis and modeling to streamline operations and improve efficiency Summary The customer operates in two business areas: Adhesive Technologies and Consumer Brands. Headquartered in Navi Mumbai, both Adhesive Technologies and Consumer Brands, through the Hair category, have a strong presence in the country. The customer was struggling with their inventory management with majority of cases for excess and obsolete inventory. Through Translytics help, they were able to achieve. Approx. 10% Overall reduction in Inventory Areas of Focus Inventory driven by S&OP process and MRP calculations/suggestions through SAP Excess & Obsolete inventory in both FG as well as RM Client was not able to: Find Root causes for wrong inventory decision Take Corrective actions when needed to optimize the inventory Improve supplier performance Solution Approach In response to the customer's specific needs and challenges, Translytics utilized sophisticated inventory analysis and optimization algorithms to conduct a thorough analysis in the following areas: Understand As-Is inventory planning process Analyse the gaps in the process Confirm the process gaps through data using analytics on python Create a system to generate alerts for: when wrong decisions are taken when an abnormality in demand is observed which is going to impact inventory Suggest actions to optimize inventory levels An intelligent decision-making layer was built both for FG as well as RM inventory Impact Once the solution models were finalized and deployed, the customer reaped the following benefits: Reduced overall inventory by 12% An intelligent layer was created on top of data layer to generate alerts and actions for better decision making Customized algorithms capable of capturing external data Company Leading global chemical and consumer goods producer Industry Chemical & Consumer goods Shipping Network PAN India Association Year 2022 Focused Area Inventory Optimization