Inventory Management

A customer in the chemicals industry used vendor managed inventory to reduce customer inventory levels, eliminate expedited shipments, and sign more long-term agreements with customers.

THE RESULTS

$100K/Silo

Saved $100K per silo by reducing customer inventory levels.

 

30%

Reduced customer inventory levels by 30% on average.

 

Business Problem:

  • A large number of expedited shipments from customers, increasing distribution costs
  • Low fleet utilization and high levels of forward-deployed inventory
  • Dissatisfied customers
  • Poor demand visibility

Objectives: 

  • Eliminate expedited shipments
  • Improve customer relationship management and differentiate from the competition
  • Gain a view of true customer and market demand

Process:

  • Identify target customers with your commercial team
  • Obtain long-term contracts from customers in exchange for GVMI service
  • Deploy IntelliTrans GVMI
  • Drive business process change to realize benefits

Results:

  • Customer inventory levels reduced by 30% on average
  • Eliminate expedited shipments
  • Numerous long-term agreements signed with customers

Inventory

Overview

A customer in the chemicals industry used vendor managed inventory to reduce customer inventory levels, eliminate expedited shipments, and sign more long-term agreements with customers.

Challenge

The customer had high distribution costs resulting from poor visibility into true customer demand.

Solution

Deploying Global Vendor Managed Inventory (GVMI) and driving business process changes to realize benefits.

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