“Data and analytics should play a big part in monitoring your business supply chain performance... measuring your inventory turns, order fulfillment rates, and delivery times can help your executives to identify trends that galvanize the supply chain process.” – Paul J. Noble (Forbes, 2023)
Working with midmarket distributors, we see an almost universal need for better visibility into inventory velocity as a leading indicator of profitability and cash flow. With solid analysis, distributors can proactively optimize inventories by balancing supply with demand and identifying opportunities to reduce slow-moving or obsolete products that tie up cash reserves.
We partnered with a North American distributor ($160+M) that provides technically complex products to a niche industry. Tight inventory controls are key to this company's success, so they sought to incorporate data from three disparate sources - Dymax, The Business Edge, and Quantum - to provide a unified view into their cycle times across four US locations.
Additional areas addressed:
Inventory Velocity and Part Detail dashboards provided management insight into critical inventory metrics (e.g., on-hand inventory, sales and quote trends, inventory by age, etc.) to better control costs, improve ordering, and reduce slow-moving and obsolete inventory.
Key features:
For more information and a product demo, see our Distribution HQ™.
Noble, Paul J. (March 7, 2023). American Supply Chains: “We’re Just Getting Started” (forbes.com)