Biotech Firm Reduces Inventory by 11% with a Target to Save $3M in Working Capital

SAP IBP enabled supply chain planning processes, providing a comprehensive picture of supply chain KPIs, performance and exception management.

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Project Overview

Region

USA

Industry

Biotech

Challenges

  • Inability to determine safety stock and lot size policies
  • Lack of an effective platform for supply chain planners
  • Legacy planning systems led to manual data loading

Results

  • 11% reduction in inventory
  • 10% forecast accuracy improvement
  • $3 million savings in working capital

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Learn how Bristlecone helped this biotechnology company reduce 11% in inventory and improve customer service level.