Collateral:Doosan Electro-Materials Reduces Material Inventory by 58% and Saves $20 million

Brief Overview

To address high levels of inventory that contributed to poor cash flow and insufficient working capital, as well as overcome the inability to make long-term demand plans beyond four weeks, Doosan Electro-Materials sought to implement advanced supply chain technology.

Benefits include:

• Reduced raw material inventory by 58 percent
• Reduced global inventory by 40 percent
• Achieved a savings of $20 million
• Decreased factory inventory by 65 percent
• Improved finished goods fulfillment rate from 90 percent to 98 percent
• Achieved visibility of demand seven months in advance
• Improved forecasting accuracy
• Increased on-time delivery rates
• Enhanced order management and data-analysis capabilities

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