Project:
Collaborative Supply Chain Planning
Result:
A collaborative approach to determine supply chain demand and reduce inventory.
1. Problem Statement
- The functions of the current cash supply chain operates as silos, this results in increased supply chain costs;
- In order to improve the supply chain and reduce costs, demand planning and forecasting accuracy needs to be improved;
- A reactive approach is used to supply demand, by having insights regarding stakeholder requirements will enable a proactive approach;
2. Solution Approach
- Supply chain stakeholders provide the following data regarding inbound and outbound inventory volumes:
- Weekly forecasts (inventory requirement for next 7 days);
- Daily advises (inventory requirement for the next 2 days);
- Data is cleaned and standardised into a single dataset;
- The individual forecasts/advises are compared to an aggregated forecast, significant differences are discussed with stakeholders to determine the actual requirement;
3. Project Outcomes
- A standardised mechanism and procedures to consolidate and interrogate supply chain forecasting and demand planning;
- Automatic import and data cleaning procedures;
- Dashboards to analyse forecasts and demand;
- Scheduled S&OP sessions to discuss opportunities for improvement (this sessions include representatives from various levels within the organisation);
