SpendEdge Helped a Leading Food Company to Improve the Forecasting Accuracy by 20% – Request Free Proposal to Know How
LONDON--(BUSINESS WIRE)--Nov 15, 2019--
SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on improving the forecasting accuracy by 20% and reducing the number of warehouses for a food company in the UK.
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The case study offers detailed insights into how SpendEdge’s supply chain planning solution helped the food company to align their short-term operational planning with their wider business planning processes and improve inventory forecasts.
Our supply chain planning solutions can help you manage distribution operations efficiently in the wake of Brexit. Request free platform access to gain in-depth insights.
Business Challenges: One of our clients, a leading food company wanted to efficiently manage their distribution operations to reduce their production costs. Their end-to-end supply chain expenditure was inflating, and they felt the immediate need to reorganize the supply chain. They also wanted to improve the approach to demand forecasting and take advantage of economies of scale.
“ Companies in the food industry need to develop effective supply chain strategies to address Brexit consequences to improve profitability,”says Srinivas R, Procurement Manager at SpendEdge.
Want to know how SpendEdge can help your organization gain real-time updates to improve inventory forecasts?Contact our support team now!
SpendEdge’s supply chain planning solutions helped the client to:
- Improve the forecasting accuracy by 20%.
- Reduce the number of warehouses in the UK from 35 to 15.
- Minimize the spoilage of finished goods by 25%.
- SpendEdge’s solutions help leading food companies to understand changing market landscape and devise competitive supply chain strategies. Wonder how?Book a free demoto access our supply chain management portfolio.
Outcome: The effective supply chain strategy developed by our experts helped the client to create a demand plan based on past sales and future customer forecasts. This streamlined siloed supply chain process to sales, operations and financial planning process. They were able to plan with more accuracy and reduce the risk of stock-outs. The solution offered further helped the client to improve end-to-end visibility across the supply chain and analyze changing consumer sentiments.
To gain detailed insights into the supply chain planning solution offered by our experts to the food company in the UK,read the complete article here!
You may also like:
- Top Five Benefits of Supply Chain Planning | SpendEdge
- Increasing Business Profit Levels with the Aid of Supply Chain Management
SpendEdgeshares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.
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INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
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PUB: 11/15/2019 09:26 AM/DISC: 11/15/2019 09:26 AM