Streamlining Inventory Management

Utilizing Data Analytics and Inventory Optimization, VNC Australia streamlined inventory management for a global FMCG company, enhancing supply chain efficiency.

Client Background

A multinational FMCG company faced challenges 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.

Challenge

Issues Faced by the Client

Manual inventory reconciliation and inconsistent supplier data led to discrepancies and inefficiencies.

Business Impact

Time-consuming manual processes affected inventory accuracy and operational efficiency.

Our Approach

Initial Assessment and Discovery

We conducted a detailed assessment of the company’s inventory management practices, identifying 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.

Data Integration: Consolidated supplier and inventory data 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 on the new automated systems.

Solution Deployed

Tools and Technologies
  • Power BI
  • Excel
Services Offered
  • Inventory Reconciliation Automation
  • Supplier Data Integration
  • Supply Chain Analytics

Results Achieved

Efficiency

Reduced manual reconciliation time by 70%.

Accuracy

Increased inventory accuracy through automation.

Visibility

Enhanced visibility into inventory and supplier performance.

Cost Savings

Reduced operational costs through efficiency improvements

Strategic Planning

Enabled data-driven decisions in inventory management.

Conclusion

VNC Australia’s Inventory Management solutions improved the FMCG company’s supply chain efficiency, showcasing our expertise in optimizing inventory processes.