Originally Published on: QuantzigSupply Chain Optimization Helped a F&B Brand to Reduce Overhead Costs by 14%
Overview of the Project In the fiercely competitive food and beverage market, a multinational company faced challenges due to the rapid evolution of technology and shifting consumer preferences. The surge in demand disrupted their supply chains, necessitating a strategic approach. Quantzig intervened with advanced analytics-driven solutions, significantly enhancing the logistics and supply chain operations.
About the Client Originating in Germany in the 1990s, the client is a prominent food and beverage brand known for manufacturing dehydrated soups, instant noodles, soft drinks, pre-cooked meals, and condiments. Their products have a global presence.
Supply Chain Optimization Challenges The client confronted issues in their supply chain organization, requiring solutions for supply optimization and inventory management. Key challenges included:
- Cost Pressures: The need to reduce costs and maximize productivity to meet heightened demand.
- Inventory Management: Ensuring safety and quality control of products in the food and beverage industry, with a focus on real-time updates for product conditions.
Solution Offered Quantzig's supply chain optimization experts initiated the process by identifying bottlenecks causing inefficiencies. In the first phase, a lean manufacturing process driven by IoT was designed to reduce production costs and enhance the supply chain network.
In the second phase, an inventory management plan was devised to provide real-time updates on product quality and safety, addressing the unique requirements of the food and beverage industry.
The final stage involved the development of a data-infused dashboard for real-time updates on sales, deliveries, and product movements. This dashboard contributed to creating a transparent, agile, and robust supply chain organization.
Business Outcomes of Supply Chain Optimization The implemented solutions led to significant business outcomes:
- Improved Cashflow
- Overhead Cost Reduction: Achieved a remarkable 14% reduction in overhead costs through analytics-driven inventory management.
Explore a unique data-driven approach to supply optimization. Request a free proposal from Quantzig and leverage advanced analytics solutions.
