Mastering Global Inventory Visibility

Crafting Clarity in a Complex Global Supply Chain

Discover how Firehawk Analytics spearheaded a transformative solution, providing a global manufacturer with unprecedented visibility and control over its expansive inventory, paving the way for enhanced efficiency and substantial cost savings amidst challenging market conditions.

Our client, operating a vast global supply chain, faced the mammoth task of tracking an array of raw materials and products through various stages of production and assembly. Rapid business growth compounded by the tumultuous COVID-19 period put their operations to the test, with logistics costs soaring and visibility dwindling.

The primary hurdle was the obscurity in tracking work-in-progress and finished goods across the globe. Traditional systems fell short amidst the pandemic-induced supply chain strain, leading to inflated freight costs and an urgent need for refined inventory management.

Navigating Towards Inventory Transparency

Aiming to reinstate control, the objective was clear: to establish an accurate, real-time inventory tracking system. This would ensure distributors and customers received products promptly without incurring unnecessary expenses.

An Integrated Approach to Inventory Management

Firehawk Analytics devised a solution hinged on collaboration and cutting-edge technology. Through a series of targeted workshops with the client's production and logistics teams, a comprehensive understanding of existing systems and gaps was achieved, setting the stage for a sophisticated inventory management application.

The strategy was executed through meticulous planning. In-depth workshops helped identify the precise needs of the client, followed by the integration of both digital and physical stock-taking methods into a unified inventory management platform.

Over four weeks, Firehawk Analytics deployed a custom inventory management application, capable of assimilating data from various sources including manual spreadsheets. This centralised system facilitated real-time tracking and comprehensive inventory accounting.

Sharper Inventory Insight, Substantial Savings Realised

The new system equipped the client with the ability to meticulously oversee their inventory, reducing working capital demands significantly. The strategic overhaul led to a 15% reduction in total inventory, translating to multimillion-dollar savings, a remarkable feat in a post-pandemic economy.