A well-managed procurement decision process allows you to determine optimum supply quantities with respect to your stock policies and purchase the appropriate amount of material at the appropriate time. At the same time, if a certain material cannot be provided by a supplier or cannot be procured in a specific timeline it helps your company to see the affected orders and adjust accordingly.
Customer centricity serves associating purchase decisions of materials to customer orders of end-products, analysing supplier effects on orders via risk management and enables responsiveness to possible disruptions.
Project short-, mid- and long-term material stocks and analyse the projected material requirements accordingly.
Make the optimal purchase plan by evaluating supply risks and taking real-life supply disruptions into consideration along your decisions.
Manage purchase orders with respect to order prioritization, forecast and replenishment policies while evaluating supply risks and real-life disruptions
Assess risks and opportunities with respect to purchases and simultaneously in line with order, forecast and inventory level risks.
A company producing electronic appliances was frequently facing disruptions in their production flow. Because of the disruptions, they often had backorders, resulting in worsened customer experience.
ICRON CCP monitored the orders that will most likely be late beforehand and reduced backorders 20% by helping them take precautions.
An FMCG company, that has grown rapidly in the last year, was having trouble meeting higher than forecasted customer demand. Poorly made purchasing and inventory plans were often leading to stock-outs, resulting in decrease in customer satisfaction.
ICRON CCP generated optimal purchasing plans and reduced stock-out 8%.