the case study in a nutshell

Industry
Travel & travel accessories

Lead Time
14-30 days

Related Solution
Inventory Wizard

Learn More
The client is a global leader of travel suitcases and accessories with significant presence in all regions. COVID-19 crises has impacted heavily on this market. One of the tactical actions companies had to take is to try to optimise the use of inventory in order to minimise stock and satisfy residual demand. In 3 weeks we developed for the client an Inventory Wizard solutions that allowed to have visibility of all inventory levels around the warehouses, forecasting the OTIF in the following weeks and therefore defining the actions to be taken to optimise SKU level for each location.
Benefits
One Source of Truth established for Inventory reporting
Easy to use report customized on Client’s needs
25% Productivity increase of Planning team due to automatic data feeding
5% Inventory reduction enabled from real time better visibility of global inventory holding

We tell you a story

1

Customer Profile

Amplifon S.p.A. is an Italian company that deals with the design, application and marketing of hearing aids. It is present in 29 countries and on all 5 continents, with more than 11,000 points of sale and around 16,000 employees and collaborators, and a turnover of 1.4 billion Euros. With the acquisition of GAES plant (Barcelona, Spain) in 2018, - has consolidated its worldwide leadership reaching a global market share of 11% of the retail hearing care market.

2

Challenge

To design, validate and formalize a methodology in the Barcelona plant expandable to the whole EMEA region, with the following goals:

  • develop an earmolds integrated EMEA supply chain, capable of up to 600k earmolds per year;
  • reduce cost by 4.6 mEUR per year by improving sourcing and production effectiveness and efficiency, lowering the per full industrial cost from 13.9 to 10 EUR/unit;
  • maintain/improve current Service Level

3

OUR SOLUTION

We have developed from scratch a Digital Twin in order to:

  • simulate all possible future scenarios, obtaining precise calculation of lead times, service levels and saturations;
  • validate the re-layout/material flow hypothesis before any intervention;
  • find the optimal configuration in terms of allocated FTEs and shifts for any possible demand which yield maximal throughput.

We have also designed an OCR-based real-time digital traceability and jobs scheduling system, integrated with the existing ERP, for guaranteeing the optimal scenario in case of unpredictable demand and jobs priorities.

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1

Customer profile

This client is a global leader of hard shell suitcases and travel accessories with a balanced and significant presence in all regions.

2

Challenges

Recent COVID-19 pandemic has impacted heavily the client business with a severe sales decrease. One of the key element to quickly react was the inventory visibility and management. In particular

  • Data gathering and visualisation were time consuming
  • Little time was left for data analysis and decision making
  • There was no link between inventory data and demand

3

Our solution

We developed a customised solution to easily visualise and optimise inventory. Multiple Inventory data from multiple data sources were consolidated into one single Inventory Data repository. Among the solution features we have:

  • Pre-defined, custom reporting views
  • Established daily automatic feeding of data from all inventory data sources
  • Designed and implemented an advanced “inventory rebalancing” algorithm to identify inventory amounts for possible relocation vs new supply

The solution was delivered in just 3 weeks from project launch, this allowed the client to quickly react and mitigate the effects of the current situation.

Want to know more?

Whether you have any questions or need more info, we would be happy to help!
 

Contact US

for more information write to
contact@fibonaccilab.ch

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