Streamlining Inventory Management

Client Background

A multinational FMCG company faced challenges in managing a large supplier base and diverse inventory across multiple regions.

Objectives and Goals

To automate inventory reconciliation and optimize supplier statement management, improving accuracy and efficiency in inventory tracking

Challenge

Issues Faced by the Client

The company struggled with manual inventory reconciliation and inconsistent supplier data, leading to discrepancies and inefficiencies.

Business Impact

Manual processes were time-consuming and error-prone, impacting inventory accuracy and operational efficiency.

Our Approach

Initial Assessment and Discovery

We conducted a detailed assessment of the company’s existing inventory management practices, identifying key areas for automation and improvement.

Strategy and Planning

Our Supply Chain Analytics and Inventory Management Experts devised a plan to automate inventory and supplier statement reconciliation processes.

Implementation Details

• Automation: Implemented automated processes for inventory reconciliation across multiple regions.
• Data Integration: Consolidated supplier data and inventory information into a unified system.
• Dashboard Creation: Developed dashboards to monitor inventory levels, discrepancies, and supplier performance.
• Error Reduction: Applied data validation techniques to minimize discrepancies.
• Training and Support: Provided training to staff on the new automated systems and dashboards

Solution Deployed

Tools and Technologies

• Power BI
• Excel

Services Offered

• Inventory Reconciliation Automation
• Supplier Data Integration
• Supply Chain Analytics

Results Achieved

Efficiency

Reduced time spent on manual reconciliation by 70%

Accuracy

Increased inventory accuracy through automated data validation

Visibility

Enhanced visibility into inventory levels and supplier performance

Cost Savings

Reduced operational costs associated with manual processes.

Strategic Planning

Enabled data-driven decisions in inventory management and procurement.

Conclusion

VNC Global’s Inventory Management solutions significantly improved the FMCG company’s supply chain efficiency, demonstrating our capability to deliver tailored analytics and automation services.