Procurement & Inventory optimization

31
Mar
Project Summary
India’s leading Glass bottle manufacturer engaged CII to optimize Inventory that will enable to plan Warehousing space and outbound freight
Project scope
- Inventory management of multiple SKUs amidst inherent challenges of the continuous production process
- Address Breakage loss in storage and transit
- Benchmark procurement spent on raw material and packaging with ways to achieve savings
Benefits
- Inventory levels brought down by 40% by multi-pronged strategy including outsourcing production of low volume SKUs and increased collaboration with Customers
- Breakage reduced by 20%
- Raw Material consumption reduced by the introduction of an innovative packaging solution