Infiniti Research is the world's leading independent provider of strategic market intelligence solutions. Our market intelligence services are designed to connect your organization's goals with global opportunities. Today's competitive business environment demands in-depth, accurate, and reliable business information to ensure that companies gain a strong foothold in domestic or foreign markets. Our global industry specialist teams ensure the international consistency of our research, enabling powerful access to the real story behind market changes. Request a complimentary proposal to know more about our services for your business.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200529005522/en/
Business Challenge:
The client is a solar panel manufacturing firm based out of Sweden.Owing to rapidly rising raw materials prices and supply chain complexities, the solar panel manufacturing firm faced difficulties in delivering products on time and on budget. As a result, they were losing contracts with current and new customers. This subsequently resulted in a palpable short-term impact on the company. In an attempt to win back contracts, they wanted to revamp their traditional supply chain model. They collaborated with Infiniti Research to understand the root causes of these challenges, develop an alternative organizational structure, and manage procurement challenges.
During the COVID-19 crisis, it is critical for companies in the manufacturing industry to take calculative and well-executed measures to ensure business continuity in the long run. Contact us to know how industry experts at Infiniti Research can help you plan and create comprehensive action plans to navigate the crisis.
Our Approach
The experts at Infiniti Research conducted a comprehensive analysis of the solar panel manufacturing firm's supply chain processes. This involved mapping the value stream and developing a commodity management fact base for key categories. Our experts also benchmarked the client's supply chain processes against the industry best practice.
The inventory management solution also involved conducting market scanning and monitoring and root-cause analysis of the major problems and bottlenecks. Besides, our experts conducted a risk assessment to understand the current and potential risks faced by the client's key suppliers. Our engagement also involved an analysis of ongoing cost-pressure in the market, competitors' strategies, and changing pricing structures.
Business impact of the inventory management solution for the solar panel manufacturing firm:
By thoroughly analyzing the solar panel manufacturing firm's supply chain complexities and bottlenecks, the experts recommended the client to create commodity-based buying groups that integrate strategic and tactical buying decisions, with a single commodity manager responsible for all commodity purchases. In addition to this, Infiniti's inventory management solution helped the solar panel manufacturing industry client to streamline its vendor base and reduce procurement costs by 10%.
Infiniti's inventory management solution also enabled the client to understand the flexibility of key suppliers to shift production and purchase order fulfilment to other locations, increase coordination between supply chain tiers, and close around 15% gap between actual on-time delivery (OTD) and targeted OTD. The client was also able to sign new contracts and achieve a 9% cost reduction in pending and previously signed contracts.
For an in-depth market analysis on how COVID-19 will impact the manufacturing market and data-driven insights to plan your next moves, request more info here.
About Infiniti Research
Established in 2003, Infiniti Research, is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
View source version on businesswire.com: https://www.businesswire.com/news/home/20200529005522/en/
Contacts:
Infiniti Research
Anirban Choudhury
Marketing Manager
US: +1 844 778 0600
UK: +44 203 893 3400
https://www.infinitiresearch.com/contact-us
