Reducing Inventory for an Injection Molding Manufacturer

INJECTION MOLDING MANUFACTURER

They maintained limited inventory of supplier parts, and were suffering increased lead time, decreasing fill rates, and declining customer satisfaction.

Obsolete

The manufacturer carried a large inventory of obsolete parts.

Unsatisfactory

Customer satisfaction was decreasing due to inability to fill orders in a timely fashion.

Results

Results included increased fill rates, enhanced margins, improved customer service, increase working capital ratio, and a reduction in cycle time and resource requirement for forecasting and planning.

Challenge

The Challenge. A manufacturer of injection molding parts maintained limited inventory of supplier parts, and were suffering increased lead time, decreasing fill rates, and declining customer satisfaction. In addition, the manufacturer carried a large inventory of obsolete parts.

The Solution

The Solution. The objective for CT Global’s solution was to improve fill rates and reduce inventory. It included a demand forecast by SKU, optimization of inventory policies, multi-echelon analysis of the supplier network and supply chain, and automatic creation of inventory replenishment orders. Results included increased fill rates, enhanced margins, improved customer service, increase working capital ratio, and a reduction in cycle time and resource requirement for forecasting and planning.

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