Facing Data Paralysis? This Might Save You

Start With Data Assessment

Facing Data Paralysis? This Might Save You

Start With Data Assessment

Elevating The Supply Chain Efficiency Of An Original Equipment Manufacturer

About Client

  • A multinational corporation specializing in energy management and automation solutions, operating in the manufacturing domain.
  • An Original Equipment Manufacturer (OEM) with an annual turnover of approx. $36 billion serving customers in multiple regions across the globe.
  • The client has a strong commitment to embracing sustainability in all its operations including the supply chain.

Problem STATEMENT

  • The client majorly utilized spreadsheets and OneDrive to store and track procurement data, resulting in several limitations and challenges in the supply chain process.
  • Storing data manually made it difficult to efficiently track and analyze procurement operations, supplier quality, and buyer performance.
  • The client faced difficulties in accessing real-time and accurate data, which hindered their ability to make informed decisions.
  • Our client was in search of a robust, comprehensive data solution to analyze their buyer’s performance on the basis of 4 pillars: Quality, productivity, resilience, and sustainability.

Solution

Data Engineering :
  • Implemented a robust data management system to centralize and consolidate procurement data.
  • Generated data-driven recommendations and insights for buyers and managers(suppliers).
  • Analyzed historical data to identify patterns, trends, and opportunities for process optimization.
  • Designed and deployed an appropriate database structure to organize and process the data effectively.
Data Visualization :
  • We developed a comprehensive Tableau dashboards that provided real-time visibility into key procurement operations metrics.
  • Integrated data from various scattered sources, including purchase orders, supplier performance evaluations, and quality inspection reports.
  • Our experts created interactive visualization reports to enable easy exploration and analysis of buyers’ performance and analyzed their quality, productivity, resilience, and sustainability rate.
Monitoring and Automation :
  • Measured the time taken from order placement to delivery for each supplier and identified suppliers with extended lead times, enabling proactive management of delays.
  • Calculated the quality performance of suppliers by measuring the number of defects per one million raw materials procured.
  • Utilized advanced analytics and automation to monitor and control energy usage in real-time, identifying areas for improvement and implementing energy-saving measures.

Business Impact

Monitoring and Automation :
  • Our solutions were able to reduce the lead time by 13%, resulting in faster order fulfillment and improved customer satisfaction.
  • Achieved a 12% improvement in procurement process efficiency, streamlining operations and reducing cycle times.
  • Decreased Defects Per Million (DPM) by 20%, resulting in higher product quality and reduced rework costs.
Enhanced buyer performance :
  • Empowered buyers with real-time access to performance metrics and actionable insights generated from the Tableau dashboard, enabling them to make data-driven decisions.
  • Increased buyer productivity by 15% through targeted performance improvement initiatives and training.
Strengthened supplier management :
  • Identified high-performing suppliers based on quality and delivery metrics, fostering strategic supplier relationships.
  • Improved supplier collaboration and communication, leading to better negotiation outcomes and cost savings by 11% per year.

Industry

Manufacturing & Industrial Engineering

Services Used

Business Intelligence (BI), Data Analytics, Data Warehousing, Tableau

Region

North America

Function/Department

Procurement and Purchasing, Strategy and Planning, Supply Chain Management

Engagement Model

End to End Project Lifecycle Management

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Ankush

Business Development Head
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