Facing Data Paralysis? This Might Save You

Start With Data Assessment

Facing Data Paralysis? This Might Save You

Start With Data Assessment

Transforming Forecasting And Resource Allocation In Consumer Electronics Manufacturing Unit

About Client

  • A manufacturing conglomerate specializing in consumer electronics, producing over 100,000 units of consumer electronics per year.
  • Headquartered in Botswana, South Africa, the company operates in seven other countries as well.
  • Over 20+ years of earned reputation for manufacturing and delivering high-quality, reliable, and innovative products.

Problem STATEMENT

The client was looking for a solution to improve forecasting accuracy, streamline supply chain operations, and ensure efficient resource allocation.
  • The client’s existing forecasting processes were manual, which resulted in inaccurate demand forecasts and inventory shortages.
  • Limited visibility into demand patterns, market trends, and customer preferences hampered the client’s ability to make accurate forecasts.
  • Inadequate inventory management and production scheduling result in costly disruptions in the supply chain, impacting customer satisfaction and profitability overall.
  • They invested a significant amount of time in manual tasks such as data entry, reporting, and analysis, diverting their attention from strategic activities.

Solution

We implemented a comprehensive Power BI analytics dashboard specifically designed for the client’s supply chain forecasting processes.
  • We gathered data from scattered sources, including historical sales data, market trends, customer feedback, and external factors like economic indicators and competitor analysis to visualize and monitor them.
  • Our team of experts implemented advanced analytics techniques, such as time series forecasting, predictive modeling, and machine learning algorithms to develop accurate demand forecasts.
  • The Power BI dashboard offered an interactive and intuitive interface, displaying real-time insights into demand patterns, inventory levels, and production schedules.
  • The dashboard provided real-time automated reports on forecasting processes that saved huge amounts of time for the team that was otherwise spent on manual reporting.

Business Impact

  • The implementation of the Power BI analytics dashboard resulted in a significant improvement in forecast accuracy, achieving a 13% reduction in forecast errors.
  • The client’s production schedules were optimized, leading to an 11% reduction in manufacturing lead time and ensuring the timely delivery of products.
  • The accurate demand forecasts and improved resource allocation strategies resulted in a 10% decrease in production costs.
  • By minimizing supply chain disruptions through enhanced inventory management, the client was able to reduce stockouts by 17%.
  • The improved forecasting and supply chain optimization efforts increased customer satisfaction by ensuring product availability and on-time deliveries.
  • Overall operational efficiency improved, leading to a 9% increase in profitability for the client in the previous FY.
By leveraging the insights obtained from the analytics dashboard, our client experienced a positive impact on their bottom line, leading to improved manufacturing efficiency and streamlined forecasting processes.

Industry

Manufacturing & Industrial Engineering

Services Used

Business Intelligence (BI), Data Analytics, Power BI, Recommendations and Insights

Region

Africa

Function/Department

Supply Chain Management

Engagement Model

End to End Project Lifecycle Management

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Ankush

Business Development Head
Discussing Tailored Business Solutions

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